t^vN  vV^\ 


AMERICAN 


BOOKoKEEJPER; 


COMPRISING 


^ 


SYSXEM.OF    BOOK-KEEMNG 


/^  ^riit 


OE 


•BY  DOUBLE    ENTRY: 


ROTII  Ri'  THEORF  AND  PRACTICE. 
WITH  THE 

PRINCIPAIi  AUXFLTARY  BOOKS  AININEXED. 

TOGETHER  WITH 

A  NEW  METHOD  OF  POSTING  AND  PROVING  THE 

DUOKS. 


■CCCCfCC 


DESIGNED   FOR    THE    USE   OP     SCHOOLS,  ACAL'P.Af^K^  .Un^^J^T41<;>G' 
HOUSES,  IN  THR  UNITED-STATES. 


m 


BY   B.  SFIEYS,   ACCOUN'liANT. 


PRINTED  AND  SOI.l)    V.Y   COIiLINS     AND    CO.    181^,  rEAUL-STREF.T. 


1818, 


^SOUTHERN  DISTRrCT  OF  NEW- YORK,  ss.  ^  ' 

BE  vf^mfbfM^ER'Et),  That  on  thf  tenth  d^-  <aM)eceyibft|^l»^:fGrt^ 

second   year  of  the  Independence  of  the  United  States^f  America,  B.  Sheys, 

of  the  said  diSirict,  hath  deposited  in  this  office,  the  titl^of  a  book,  the  right 

whereof  he  clair^as  author  and  proprietor,  in  the  words  following,  to  wit:       \ 

"The  American  Book- Keeper;  comprising  a  complete  system  of  Book-keep- 
ing, in  the  true  Italian  form,  or  by  Double  Entry  ;  both  by  theory  and  prac- 
tice, with  the  principal  auxiliary  books  annexed :  together  with  a  new  method 
of  posting  and  proving  the  books.  Designed  for  the  use  of  schools,  academies 
and  counting-houses  in  the  United  States.     By  B.  Shevs,  Accountant.*' 

In  conformity  to  the  act  of  the  Congress  of  the  United  States,  entitled  "  An 
act  for  the  encouragement  of  learning  by  securing  the  copies  of  maps,  charts  and 
books,  to  the  authors  and  proprietors  of  such  copies,  during  the  time  therein 
mentioned."  And  also  to  an  act,  entitled  "An  act,  supplementary  to  an  act,  entitled 
an  act  for  the  encouragement  of  learning,  by  securing  the  copies  of  maps,  charts 
and  books,  to  the  authors  and  proprietors  of  such  copies,  during  the  times  therein 
mentioned,  and  extending  the  benefits  thereof  to  the  arts  of  designing,  engraving 
and  etching  historical  and  other  prints." 

JAMES  DILL, 
Clerk  of  the  Southern  District  of  New-Vork, 


# 


DEDICATION. 


To  the  loorthy   Instructers   of  Youth  in   the  United 

States* 

Gentlemen, 

Allow  me  to  present  to  your  consideration,  the  fol- 
lowing System  of  Book-keeping,  by  double  entry,  which  is 
intended  as  another  auxiliary  to  your  {pupils,  in  the  useful  de- 
partment of  mercantile  education.  The  author  flatters  himself 
you  will  encourage  the  undertaking,  it  being  wholly  composed 
for  the  ease  of  the  teacher  and  benefit  of  the  scholar. 

The  plan  of  teaching,  exhibited  in  the  following  sheets,  being 
theory  and  practice  combined,  is  different  from  all^^hich  have 
hitherto  been  published,  and  can  be  communicated,  from  the 
lectures  presented,  by  the  principal  to  his  pupil  with  the  great- 
est success,  which  experience  will  sufliciently  demonstrate. 

Here,  nothing  appears  obscure  or  mysterious,  but  all  is  made 
plain  and  easy.  The  several  sets  being  adapted,  and  made  ap- 
plicable to  all  sorts  of  business,  by  the  introduction  of  the  aux- 
iliary books,  with  their  uses  complete  in  practice.  The  proof 
journal,  by  the  use  of  which,  if  the  books  be  posted  from  it, 
one  licdger  will  contain  as  much  as  twelve  by  the  common 
way.  If  an  error  has  been  committed  it  will  be  immediately 
discovered,  and  known  to  what  account  it  brlongs. 

As  the  American  Book-keeper,  part  the  first,  has  been  well 
received  and  approved,  the  author  indulges  a  hope  that  the 
following  sheets  will  meet  with  a  similar  encouragement,  both 
being  written  with  the  same  view,  that  is,  the  ease  of  the  In- 
structer  and  benefit  of  the  Learner, 

I  remain,  Gentlemen, 

Yours,  respectfully, 

B,  SHEYS, 

NerV'Yorkf  December  \Qth,  181  r. 


iviiSilBS 


PREFACE. 


IN  the  commercial  world,  dispatch  in  business  is  no  smalJ 
accomplishment,  which  being  the  result  of  experience,  and  a 
well  directed  education,  it  will  nut  be  amiss,  in  a  treatise  of 
this  kind,  to  touch  upon  those  parts  of  it  Avhich  are  more  im- 
medialel>*requisite  to  form  the  Morchart. 

After  the  learner  has  been  employed  some  time  in  reading 
his  native  languiige,  and  proper  care  has  been  taken  of  his  or- 
thography, and  to  inform  him  of  the  meaning  of  words,  the 
next  step  is  to  initiate  him  in  the  rudiments  of  writing,  in  which 
the  teacher  will  find  sufHcient  cause  to  exercise  his  vigilance 
against  the  ill  hkbits  his  pupil  will  be  apt  to  contract  in  this 
performance. 

Writing  must  always  be  regarded  as  a  principal  part  of 
every  day's  employment,  because  the  masterly  and  clerk-like 
mode  of  writing,  lit  for  the  ready  dispatch  of  business,  is  not 
to  be  acquired  by  speculative  notions,  but  by  gradual  prac- 
tice, under  the  din-ction  of  an  able  m.after  ;  nor  can  any  other 
means  be  depended  on  to  mijike  tiie  hand  easy,  bolr<  and  free. 

Arithmetic  is  next  to  be  entereu  upon  5  in  the  mercantile 
part  of  which  the  student  must,  at  least,  be  well  informed. — 
Computing  bill^  of  parcels,  and  such  other  examples  as  occur 
in  practice,  and  which  are  of  use  to  illustrate  the  practical  rules, 
and  apply  them  to  business,  are  to  be  well  attended  to. 

Transcribing  and  computing  invoices,  and  such  other  mer- 
cantile prc^iedents,  with  calculations  of  interest  on  notes,  bonds 
and  accounts  current,  will  yield  hini  no  less  profitable  exercise, 
and  contribute,  in  a  great  measure,  to  the  understanding  the 
practice  of  book-keeping  ;  an  art  so  universaily  useful,  that 
without  keeping  regular  books,  the  Merchai»t  risks  an  impro- 
vable fortune  to  negligence  and  chance ;  the  man  in  office  is 
exposed  to  numberless  difficulties  ;  and  none  can  be  a  judge 
of  mercantile  concerns  whose  abilities,  however  considerable, 
are  not  aided  by  a  knowledge  and  insight  therein. 


Book-Keeping  is  an  art  of  daily  use  in  life,  and  of  the  great- 
est importance  in  all  commercial  transactions,  both  foreign 
and  domestic.  To  be  well  acquainted  with  it,  both  in  theory 
and  practice,  is  a  necessary  qualification  to  every  man  of  bu- 
siness, in  which  all  persons  are  more  or  less  concerned.  It'. 
enables  one  readily,  and  at  any  time,  to  ascertain  the  exact 
state  of  his  affairs;  and  also  to  make  a  just,  precise,  and  equi- 
table adjustment  of  all  his  dealings.  Success  in  trade  prin- 
cipally depends  on  a  complete  knowledge  of  the  art,  and  in  a 
strict  conformity  to  its  rules.  Ignorance  and  inattention  in 
this  department,  are  rocks  upon  which  thousands  hare  split, 
and  made  shipwreck,  not  only  of  fortune,  but  of  honesty  and 
good  conscience. 

There  are  many  branches  of  education  whose  first  princi- 
ples must  be  learnt  in  schools.  If  the  foundation  be  not  well 
laid  in  early  life,  it  will  excite  sorrow  in  riper  years.  The  art 
of  book-keeping  belongs  to  this  class. 

A  thorough  knowledge  of  accounts  will  enable  one  at  any 
time,  the  more  easily  to  reckon,  not  only  with  others,  but  with 
himself  ;  it  will  greatly  contribute  to  prevent  some  of  the  se- 
verest evils  in  life,  such  as  vexatious  lawsuits,  perplexed 
arbitrations,  loss  of  property,  loss  of  friendthip  and  good 
fellowship. 

As  the  four  principal  difficulties  in  book-keeping  are — 
1.  Journalizing;  2.  Proving  the  books  ;  3.  Detecting  errors  ; 
4.  Closing  accounts  by  all  the  various  ways  that  occur  in 
practice.  Such  rules  and  instructions,  in  the  introductory 
pirt  of  thewurk,  have  been  given,  as  will  render  the  first  of 
these  obvious  to  any  capacity,  at  least  under  the  inspection  of 
a  teacher,  who  can  give  his  pupil  further  elucidations  on  the 
subject  by  pertinent  remarks.  The  second  and  third  are  com- 
pletely elucidated  by  the  proof  journal.  The  fourth,  in  the 
notes  subjoined  to  the  accounts  in  the  ledger,  annexed  to  the 
third  set.  The  whole  being  the  result,  in  part,  of  the  lectures 
formerly  exhibited  by  the  author,  when  he  taught  this  valuable 
and  useful  science.  But  to  introduce  them  into  this  work  in  as 
full  and  copious  a  manner  as  when  teaching,  wouHl  increase 
the  book  beyond  its  contemplated  limits. 

Perhaps  it  may  not  be  improper  to  observe,  that  to  those 
into  whose  hands  this  work  may  happen  to  fall,  that  it  was 
not  written  for  the  use  of  those  who  are  well  acquainted  with 
the  art  of  Book-keeping,  but  for  the  benefit  of  such  persons 
as  really  want  instruction,  and  have  not  an  opportunity,  or 
leisure  to  acquire  it  in  any  other  way  :*  The  several  expla- 
nations it  contains  must  not,  therefore,  be  considered  unne- 
cessary by  adepts,  for  whom  they  were  never  designed. 


To  conclude,  the  author  is  of  opinion  that  any  young  man 
who  has  a  competent  knowledge  of  mercantile  arithmetic,  and 
writes  a  good  hand,  can  make  himself  perfect  master  of  all 
that  is  contained  in  this  volume,  by  his  own  application,  with- 
out any  other  aid ;  for,  where  it  was  necessary,  he  has  given 
the  same  instructions  as  if  he  was  actually  teaching  the  scholar, 
being  induced  to  do  so,  as  it  is  a  known  fact,  that  this  invalu- 
able branch  of  education  is  almost  totally  neglected,  or  super- 
ficially taught,  with  (ew  exceptions,  in  our  schools ;  and  that 
it  is  not  the  fault  of  the  teacher  so  much  as  that  of  the  employ- 
er, who  is  always  unwilling  it  should  be  made  an  extra  charge. 
The  author  risks  an  opinion,  that  if  the  instructers  of  youth 
were  to  receive  a  proper  compensation  for  their  trouble, 
very  few  scholars  would  leave  school  unqualified  for  business. 


A 

CONCISE  VIEW 

OP  THE 

CONTENTS  OF  THIS  WORK, 


1.  IT  comprises  an  introduction  to  Book-keeping,  with 
two  sets  of  books  on  the  theory  of  the  art,  in  which  the  whole 
mystery  of  JournaUzing,  a  principal  difficulty,  is  explained  in 
the  completest  manner.  The  whole  of  this  first  part  is  replete 
with  instructive  notes,  so  as  to  render  every  thing  contained 
therein  obvious  to  any  capacity,  with  the  method  of  posting 
the  books,  closing  the  ledger,  and  opening  the  new  books 
from  the  former  balance  account. 

2o  The  third  Set  of  Books,  to  which  is  annexed  the  In- 
yoice  Book,  Sales  Book,  Cash  Book,  Expense  Book,  Check 
Book  and  Bank  Account  Book,  with  their  application  to  prac- 
tice, is  founded  on  real  business,  and  can  be  applied,  with 
the  greatest  facility,  to  all  mercantile  transactions,  both 
foreign  and  domestic.  In  the  Ledger  annexed  to  this  Set,  all 
the  various  ways  of  closing  the  accounts,  which  often  occur 
in  practice,  are  subjoined  in  explanatory  notes  ;  likewise  in 
the  Day-Book,  the  manner  of  proving  the  Books,  and  detect- 
ing errors,  by  means  of  the  proof  Journal,  is  fully  explained. 
<  3,  The  fourth  Set  of  Books  is  designed  for  the  whole  sale 
and  retail  Store.  The  materials  which  compose  this  part  of 
the  work  are  taken  froni  actual  business.  The  simplicity  and 
accuracy  of  the  plan  renders  it  applicable  to  all  sorts  of  do- 
mestic trade,  which,  on  investigation,  will  be  found  correct. 
To  this  Set,  none  of  the  Auxiliary  Books  are  annexed  except 
the  Cash  Book,  which  can  be  dispensed  with  ;  for,  with  the 
Invoice  Book,  every  person  in  business  must  be  acquainted ; 
and  he  is  shown,  with  all  other  necessary  requisites,  how  to 
use  it,  in  conformity  with  this  plan,  in  the  intsructions  prefix- 
ed to  this  part  of  the  work. 


M 


VIU 


4.  As  Banks  have  become  numerous  in  all  the  States,  and 
as  several  persons  may  be  curious  to  know  how  the  Books  and 
business  in  them  are  conducted,  as  well  as  tho^e  young  gen- 
tlemen who  might  hereafter  be  employed  therein,  the  author 
has  subjoined,  in  miniature,  the  manner  of  keeping  Bank  Books, 
with  their  several  uses  in  practice  ;  and  has  given  a  particular 
description  of  the  Stock  Ledger,  vrith  the  method  of  opening, 
conducting  and  closing  the  same;  and  which  will  answer,  with 
little  variation,  for  any  other  incorporated  body  or  mercantile 
company.  Nothing  of  this  kind  having  hitherto  appeared. 
The  whole  of  the  work,  interspersed  wiih  e:xplanatory  notes 
and  instructions,  formed  on  the  most  simple  plan,  is  designed 
for  tlie  use  of  Schools,  Academics  and  Counting-Houses  in 
the  United  States. 


AN  INTRODUCTION 


TO 


BOOK-KEEPING, 

BY 

DOUBLE  ENTRY, 

CONTAINING 

2)EFINIT10N3  AND  rRINCCPLES,  WITH  FARTICUf-AR  RULES  FOR 
THE  TRUE  STATING  OF  DEBTOR  AND  CRLCDITOR,  IN  ALL 
THE  CASES  THAT  CAN  OCCUR  IN  MERCANTILE  BUSINESS, 
WHEREBY  THE  ^THOLE  ART  OF  JOURNALIZING  IS  MADE 
PLAIN  AND  OBVIOUS. 


BOOK-KEEPING  teaches  how  to  record  the  transactions 
and  dealings  you  have  occasion  to  commit  to  writing,  either 
for  yourself  or  for  the  account  of  otht  rs,  and  to  dispose  and 
adjust  them,  that  you  may  know,  at  any  future  time,  what  sums 
ofmoneyaredue  to  you,  or  to  yi>ur  employer,  and  by  whom 
and  w-ien  payable ;  what  goods  you  have  purchased,  what 
pareels  andViuantitics  have  been  sold,  what  remains  on  hand, 
with  the  gain  or  loss  attending  the  sales  thereof;  what  monej^, 
goods  or  debts  are  under  the  nianagement  of  Factors,  Super- 
cargoes, or  Trustees,  and  what  remittanoes  have  beoia  made 
you ;  what  commissi.  >ns  you  have  received  as  Factor,  and  how 
they  are  disposed  of,  what  recjrris  have  been  made  to  your 
employer,  what  part  of  hfs  [j;oods  remains  unsold,  what  bills 
you  have  accepted,  at  svhat  time  and  when  payable,  what  re- 
mittances have  been  made  you  on  that  account,  what  bills  you 
have  drawn,  in  whose  favor,  ami  when  payable;  what  mortey 
or  goods,  as  manager,  the  Company  hive  pat  into  your  hands, 
how  you  have  disposed  of  the  one  and  applied  the  other,  what 
capital,  or  original  stock  you  possessed,  and  what  increase  or 

B 


decrease  it  underwent  in  the  course  of  trade,  what  ships  you 
have  chartered,  what  insurance  you  have  made  on  your  own 
account,  and  what  you  have  underwritten  for  others;  and  all 
other  things  that  are  proper  for  a  Merchant  to  know  relative 
to  his  own  afFairs,  or  the  aflltirs  of  others. 

Book-Keeping  c-w,  with  propriety,  be  extended  to  the  ac- 
counts of  States,  JManuftictCiries  and  Families;  and  when  a  per- 
son is  well  acquainted  with  its  theoretical  principles  and  the 
application  thereif  to  any  particular  branch  of  business,  the 
•transition  to  any  other  will  not  be  difficult. 

In  order  to  conduct  business  in  the  true  Italian  form,  it 
h?iS  been  found  by  experience,  that  three  general  ])ooks  will 
be  necessary,  viz :  the  Waste  Book,  Journal  «ind  Ledger,  ex-. 
elusive  of  several  auxiliary  or  aiding  ones,  where  a  variety  of 
branches,  or  a  multiplicity  of  business  occurs  in  trade. 

Nvte,  It  is  called  Italian  Bnok-Kecpins:  from  its  being  in- 
vented in  haly.  It  was  published  first  at  Venice,  in  the  Itali- 
an language,  in  the  fifteenth  cetJtur}^,  about  the  year  149r>,  by 
Lucas  Paciolus,  a  Franeiscan  Friar,  commonly  known  by  the 
name  of  /.wca5  cle  Burgo  Sancti  Sepulchri,  who  likewise  wrote 
several  useful  works  on  mathematical  subjects ;  and  was  the 
first  publisher  of  Algebra  in  Europe. 


The  Auxiliary,  or  Subsidiary  Books, 


ARE, 


1. 

Cash  Book, 

r.  Book  of  Charges  or  Ex- 

2. 

Bill  Book, 

pences. 

3. 

Invoice  Book, 

H.  Copy  Rook  of  Letters, 

4. 

Sales  Book, 

9   Book  04  Postage  of  Letters, 

5. 

Book   of   Accounts  Cur- 

?0. Book  of  Snip  Accounts, 

rent, 

n.  Ware-House  Book, 

6.  Book  of  Commissions, 


12.  Check  or  Bank  Acct.  Book 


Some  Merchants  use  more,  some  fewer,  of  these  Subsidiary 
Books,  according  to  their  different  ways  of  dealing. 


The  Waste   Book. 

The  Waste  Book  contains  an  exact  account  of  all  the  tran- 
sactions in  trade,  in  the  same  order  as  they  take  place  ;  it  be- 
gins with  an  inventory  or  account  of  all  the  money,  goods  and 
property  of  every  kind,  belonging  to  the  Merchant  or  owner 
of  the  books,  of  the  debts  due  to  him,  and  of  the  debts  he  owes 
to  others.  It  is  carried  on  with  a  full  relation  of  all  the 
money  received  and  paid  by  hira,  of  all  the  goods  he  buys  or 
sells,  and  every  occurrence  in  trade.  Every  transaction 
ought  to  be  entered  as  soon  as  it  takes  place,  and  should  be 
clearly  expressed  in  the  plainest  language.  The  date  of  the 
Waste  Book  is  written  on  the  too  of  the  page,  together  with 
the  name  of  the  place  where  the  business  is  conducted.  The 
articles  are  separated  from  each  other  by  a  line,  in  the  middle 
of  which  is  left  a  space  for  insejfting  the  day  of  the  month,  and 
sometimes  the  n^onth. 

In  all  tran.mctions  in  the  Waste  Book  the  following  parti- 
culars are  to  be  well  observed,  viz : 

1.  Tiie  date,  say  iMarch  4,  ISIT. 

2.  The  transaction,  the  article  purchased  or  sold  being  en- 
tered in  form,  and  according  to  agreement. 

3.  The  person,  bought  of  A.  B.  or  sold  A.  B.  100  yds.  flan- 
nel. 

4.  The  payments  made  or  received,  say  100.  paid,  or  100. 
received.        ' 

5.  The  quantity  and  quality  of  the  goods  bought  or  sold. 

6.  The  price.  Bought  100  yds.  flannel,  at  75  cents  per  yd- 
or  sold  ditto. 

Note,  It  is  sometimes  called  the  Day  Book,  because  the 
several  transactions  tliat  occur  from  day  to  day  are  therein  en- 
tered, according  as  they  happen,  and  in  the  order  of  their  se- 
veral dates* 


Of  the  Inventory 


The  Inventory  consists  of  two  parts,  generally,  viz. 

1 .  The  Merchants  ready  money,  with  ail  his  other  proper- 
ty, goods  and  effects,  and  the  debts  due  to  hira. 

2.  The  debts  due  of  him. 

FORM  OF  AN  INVENTORY, 

New- York f  January  \st,  181 T, 
All  Inventory  of  my  whole  properly,  consisting  of  money, 
goods  and  debts,  owing  to  and  by  me,  A.  B.  taken  this 
day,  and  is  as  follows,  viz. 


1  have  i[i  ready  moite> 

jpi2r^M 

75 

6  pieces  linen,  125  yds.     .Jiff  per  yd.     46.87J  ) 
5       ditto          1-20             .50                    60.00   ] 

10« 

ft7^ 

lUL 

O  1  <> 

100  bbls  wheat  flour  12.50 

1250 

00 

50  firkins  buttt  r  nt.  wt.  4000lbs.     .20 

80(; 

OQ 

Moses  Martin  owes  me  per  bond 

13H« 

50 

Samuel  Hall  per  account 

550 

25 

John  Vallens 

250 

75 

Gross  amount  of  my  propert} 

inii 

m 

/  am  indebted  as  follows  : 

^I'o  William  Han  way 

256 

37h 

T v)  William  Jackson 

125 

£5 

To  Abraham  Wileox,  at  3  months 

27t 

62i 

Amount  of  debts  due  of  ra* 

65^ 

.'5 

Amount  of  my  Property                  I7l\7.12h 

Debts  due  of  me                                 658.25 

Net  of  my  estate,  or  what  I  am  worth  after  paying. 

ray  debts 

1645f; 

71 

Note,  I.  It  is  ijot  necessary  thai  the  whole  of  a  Merchant's 
prf)pprty  should  ^>ppt:-ir  if>  his  books  ;  it  is  sufficient  that  they 
contain  th;.*  capital  whicli  he  employs  in  trade. 

2.  Some  begin  their  books  without  any  Inventory,  but  we 
must  suppose  liiat  th*:y  possess  no  other  property  than  a  quan- 
tity of  money,  which  they  may  insert  in  their  Day  Book,  in 
one  entry,  thus : 

I  have-  in  ready  money  to  begin  business,  12704.75 


Specimen  of  a  Waste  Book. 

NeW'Yorky  Januar?/  1.  I  SIT. 


Sold  6  firkins  of  butter,  nt.  wt.  480!bs.  at  .25 
Note,     The  thing  received  is  Dr.  to  the  thing 
delivered  for  it.     Therefore  as  cash  is  re- 
ceived, and  butter  delivered,  make 
Cash  Dr.  to  butter  120.00 

To  Post  this  transaction  into  Ledger. 

1.  Debit  cash,  to  butter  received  I'iO  00 

2.  Credit  butter,  by  cash,  at  .25  per  lb. 

fore  firkins  4891b.  120.00 

^  2 


Bought  of  Richard  llivers,  at  nine  months,  the 
ship  Neptune,  for 

Note.     The  thing  received  is  Dr.  to  the.  person 

from  whom  you  receive  it,  wlien  nothing 

is  given  for  it  in   return,      T  \erefore  as 

you  bought  the  ship  on  credit,  make 

Ship  Neptune  Dr.  to  Richard  Rivers  10000.00 

1.  Debit  ship  Neptune  to  R.  Rivers  10000.00 

J,  Credit  R.  Rivers,  by  ship  Neptune  10000.00 


Sold  Thoracis  Chailenor,  at  4  months,  20  firkins 
of  butter,  nt.  wt.  1 6001b.  at  .25  per  lb. 

Note,  The  person  who  receives  any  thing 
from  you  is  Dr.  to  whatever  you  deliver 
him,  when  you  receive  nothing  for  it  in 
return.  Therefore  as  you  sold  the  butt^^r 
on  credit,  make 

Thomas  Chailenor  Dr.  to  butter  400.00 

t.  Debit  Thomas  Chailenor,  to  butter  400.00 
2.  Credit  butter,  by  T.  Chailenor,  at  .25 

per  lb.  20  firkins,  16001b.  400  00 

4 


Paid  William  llanway  in  full 

Note,  The  receiver  is  Dr.  to  whatever  he  re- 
ceives from  you,  when  he  delivers  nothing 
in  re^rn,  as  you  was  indebted  to  him, 
therefore  make 

William  llanway  Dr.  to  cash  in  full      256.75 


120 


10000 


400 


256 


00' 


00 


0(^ 


75 


NeiV'York,  January  4.  1817 


Received  of  Samuel  Hall,  on  account 

^0^^. — The  payment  made  is  Dr.  to  the  person 

who  makes  it,  when  he  receives  nothing  in 

return,  as  Hall  was  your  debtor,  you  had 

no  occasion  to  give  any  thing  in  return, 

therefore  make 

Cash  Dr.  to  Samuel  Hall  250.00 

Debic  Cash,  and  Credit  him  250.00 


The  Journal 


The  Journal  is  a  fair  record  of  all  transactions,  compiled 
from  the  Waste  Book,  in  the  same  order  as  they  stand  there;  its 
use  is  to  prepare  the  articles  of  the  Waste  Book  for  the  Led- 
ger, so  as  to  make  the  Ledger  posts  more  easy  and  less  liable 
to  error.  This  preparation  consists  in  shewing  on  every  arti- 
cle the  proper  Debtors  and  Creditors,  and  to  w  hose  account 
these  are  to  be  carried  in  the  Ledger. 

The  Journal  should  be  written  by  a  person  who  is  complete 
master  of  Journalizing,  in  a  fair  hand,  at  leisure  hours,  and  re- 
mote from  noise.  The  narration  should  be  complete,  without 
referring  to  the  Waste  Book,  and  so  plain  that  every  person  ac- 
quainted with  the  style  of  the  Journal,  may  understand  it  with 
ease. 

Every  entry  in  the  Waste  Book,  when  transferred  in  due 
form,  and  entered  in  the  Journal,  is  called  a  Journal  post. 
All  entries  are  either  simple  or  compound.  A  simple  entry- 
has  but  one  Dr.  and  one  Cr.  A  compound  or  complex  entry- 
is  when  one  Dr.  is  balanced  by  two  or  more  Crs.  or  two  or 
more  Drs.  are  balanced  by  one  Cr.  or  when  several  Drs.  are 
balanced  by  several  Crs.  then  the  entry  is  compound  or  com- 
plex in  both  terms. 

In  all  transactions  in  the  Journal  the  following  particulars 
are  to  be  observed,  viz. 

1.  The  date,  say  March  4.  18ir. 

2.  The  Debtor,  A.  B.  Dr.  to  Cash,  &c.  ^ 

tJ.  The  Creditor,  Cash  Dr.  to  A.  B.  &c.  <P^     - 

4.  The  gum,  say    glOOO.  _^^ 

5.  The  quantity  and  quality,  Linen  Dr.  to  A.  B.  f^ 00yds. 
Irish  linen. 


6.  The  transaction,  person  and  payment.  A.  B.  Dr.  to 
Cash  paid  him  for  75  gallons  brandy,  bought  lOth  ult. 

r.  Tlie  price,  at  l./JO  per  gallon. 

The  Journal  always  opens  with  the  Inventory,  which  is 
here  exhibited,  by  entering  in  true  Journal  form,  the  speci- 
men exhibited  in  the  foregoir  g  \yaste  Book  instructions,  and 
is  as  follows : 

New- York,  January  1.  1817. 


Sundry  accounts  Dr.  to  Stock       1711 7.121 

mrk. 

Cash,  in  ready  money 

12794 

15 

B.  c. 

Linen  per  125»  yds,         .37^                 46.87 J 

A.   B. 

Ditto           120                .50                   GO.OO 

106 

00 

Butter,  50  6rkins,  nt.  wt.  40001b.     .25 

1000 

Flour,  lOObbls.                            12.50 

1250 

00 

Bonds,  Moses  Martin's 

1364 

50 

Samuel  Hall  owes  me 

550 

25 

John  Vallens 

Stock  Dr.  to  sundry  accounts            658.25 

250 

75 

17317 

m 

For  amount  of  debts  due  of  me. 

To  William  Han  way  due  to  him 

256 

m 

To  William  Jackson 

125 

25 

To  Abraham  Wilcox,  at  3  months 

276 

621 

658 

25 

How  to  transfer  y  orpost,  the  above  Invent  cry,  from  the  Journal 
into  the  Ledger, 

Open  an  account  in  the  Ledger  for  each  of  the  above  par- 
ticulars ;  beginning  first  with  Stock,  and  each  in  order  as  they 
stand,  credit  stock,  which  represents  the  owner  of  the  books, 
by  Sundries  for  amount  of  the  first  part  of  the  Inventory; 
next  debit  each  of  the  rest  to  Stock,  for  their  respective  sums 
annexed,  which  aggregate  must  be  equal  to  the  Credit  of 
Stock,  as  the  entries  are  double ;  for,  in  the  first  part  of  the  In- 
ventory, the  one  Credit  balances  the  several  Debits. 

In  the  second  part,  the  one  Debit  balances,  or  is  equal  to 
several  Credits. 


t^€ 


DEMONSTRATION. 

i.  Credit  Stock,  By  Sundry  Accounts  for  Amount  of 

your  property,  ir317.12J 

2.  Debit  Cash,  To  Stock,  for  ready  nione}^  12794.75 

a  Debit  Linen,  To  Stock,  at  .37^  per  yd.  for  125 

yds.  B.  C.  46.874 

—  Debit  ditto.  To  ditto  .50  per  yd.  for  120  yds.  A.  B.  60.00 

4.  Debit  Flour,  To  Stock,  12.50  per  bbi  for  lOObbls.  1250.00 

5.  Debit  Butter,  To  Slock,  .25  per  lb.  for  4000ibs.  1000.00 

6.  Debit  B.nds,  To  (^itto,  ]\Ioses  Martin's,  1364.50 

7.  Debit  Samuel  Hall,  To  Stock  due  of  him  550.25 
a  Debit  J.  Val lens.  To  Stock,                                     250.75 

9.  Debit  Stock,  To  Sundry  Accounts  for  Amount  of 

debts  due  of  you,  658.75 

10.  Credit  W.  Hanway,  By  Stock,  due  to  him,  256.37J 

11.  Credit  W.  Jackson, Bv  Stock,  12525 

12.  Credit  A.  Wilcox,  By  Stock,  276.621 


The   Ledger 

IS  the  principal  book  of  accounts,  to  which  all  the  rest  are 
subservient.  Into  this  all  the  several  articles,  which  belong 
to  the  same  person  or  account,  an;l  are  dispersed  in  different 
parts  of  the  Journal  or  Day  B^ok,  and  sometimes  in  the  other 
Auxiliary  B.soks,  are  collected  and  leduced  each  to  its  parti- 
cular place  or  rolio:  so  that  the  M^Tchant  may  see,  at  one 
FiCAV,  how  stands  the  account  of  every  person  he  deals  with, 
and  each  sort  of  goods  he  deals  in,  or  any  part  or  branch  of 
his  trade,  the  state  of  which  he  desires  to  know. 

The  two  pages  of  the  book  are  marked  with  the  same  folio 
No.  and  belong  to  the  same  person  or  account,  which  is  there 
made  Dr.  on  the  left,  and  Cr.  on  the  rif^ht. 

It  is  ruled  to  the  left  hand  of  the  page  for  the  months  and 
days,  and  next  to  these  a  column  referring  to  the  pages  of  the 
Journal,  whence  the  nr^icles  are  transferred  or  posted  into  the 
Liedger.  It  has  t*)  the  ric:ht  hand,  columns  for  dollars  and 
cents,  besides  there  is  another  to  the  left  of  these,  to  mark  the 
folio  in  the  same  Ledger,  wherein  the  corresponding  Dr.  and 
Cr.  mentioned  in  the  beginning  of  that  line  is  found.  And  to 
the  left  of  this  again,  on  the  same  accounts,  there  are  columns 
for  quantities,  weights  and  measures.  ^ 


To  this  Book  belongs  an  Alphabet,  for  the  more  ready 
iinding  out  any  Account  contained  therein  ;  the  surname  of 
all  persons  being  inserted  under  their  proper  Letters,  as  well 
as  those  of  all  real  and  fictitious  accounts  under  their  Initials. 

Open  Accounts  in  the  Ledger  one  after  another  as  they 
occur  in  the  Journal,  though  those  of  the  same  kind  may  be 
classed  together,  or  the  accounts  of  those  persons  who  reside 
in  the  same  country. 

When  the  space  assigned  to  any  Account  is  filled  up  with 
articles,  open  the  account  in  a  new  place,  and  to  the  Dr.  side 
of  this  new  account  earry  the  total  of  the  Dr.  side  of  the  old 
account,  and  to  the  Cr.  side  of  the  new  account  carry  the  total 
of  the  Cr.  side  of  the  old  account,  prefixing  before  each  total 
of  the  old  account,  transferred  to  folio  — ,  and  on  the  new  ac- 
count, to  and  by  amount  brought  from  folio  — . 

There  are  three  things  of  which  a  merchant  is  to  keep  an 
account,  viz. 

1.  His  Debts. 

2.  His  Effects. 

3.  His  Gains  and  Losses. 

And  hence  we  distinguish  three  kinds  of  accounts — 

1.  Real,  > 

2.  Personal,  >  Accounts. 

3.  Imaginary,  or  Fictitious  ) 

Real  Accounts  are  those  of  Effects  or  things  which  are  a 
person's  property,  such  as  cash,  linen,  broad-cloth,  houses, 
lands,  &c. 

Personal  Accounts  are  those  of  persons  with  whom  we  deal, 
as  Thomas  Johnson,  Mary  Williams,  &c. 

Imaginary,  or  Fictitious  Accounts,  are  those  which  have 
been  invented  to  supply  real  ones,  such  as  Stock  which  re- 
presents the  Merchant  or  owner  of  the  Books  ;  Profit  and 
Loss,  which  represent  his  Gains  or  Losses ;  Balance,  which 
represents  his  real  property,  with  the  debts  due  to  and  by 
him,  and  fiuch  other  accounts  as  are  subservient  to  Profit  and 
Losf!,  viz.  Interest,  Commission,  Insurance,  t^roper  Expenses, 
Bottomry,  &c. 

/  GENERAL  RULES  FOR  EXPLAINING 

Debtor  and  Creditor. 

L  Every  thing  received,  and  every  person  accountable 
to  us,  is  Dr. 

2,  Every  thing  delivered  to  us,  and  every  person  to  whom 
•^e  are  accountable,  is  Cr. 

C 


10 

Kule  ].  The  person  to  whom  any  thing  is  delivered,  is  I)r> 
to  the  thinji^  delivered,  when  nothing  is  received  in  returOr 
Suppose  you  lend  A.  B.  one  hundred  dollars  :  it  is  evident 
you  delivered  him  that  money,  and  received  nothing  in  re- 
turn; tiierefore,  make,  A.  B.  Dr.  to  cash  lent  him,  f  100. 

1 .  Debit  A.  B.  to  Cash  lent  him,     $  1 00, 

2,  Credit  Cash,  by  A.  B.  paid,  100. 

Rule  2.  A  thing  received  is  Dr.  to  the  person  from  whom 
it  is  received,  when  nothing  is  delivered  by  you  in  return. 

Received  of  A.  B.  the  sum  of  one  hundred  d%?S  arsy  whicb 
I  lent  him. 

Note,  It  is  plain  that  you  received  that  money,  and  deli- 
vered nothing  in  return,  because  he  was  indebted  to  you  in 
that  sum* 

Cash  Dr.  to  A.  B.  received  of  him,     $100.00. 

JiuU  3.  A  thing  received  is  Dr.  to  the  thing  delivered- 
for  it ; 

Therefore,  goods  bought  for  ready  money  are  Dr.  to  Cash. 

When  goods  are  sold  for  ready  money,  cash  is  Dr.  to  the 
goods. 

When  goods  are  bartered,  the  goods  received  are  Dr.  to 
the  goods  delivered. 

Bought,  for  ready  money,  fifty  gallons  of  brandy,  at  $2  per 
gallon,     $100.00. 

Note.  It  is  evident  that  brandy  was  received  and  money 
delivered  ; 

Therefore,  Brandy  Dr.  to  Cash,     jJS  100.00. 

Sold,  for  ready  money,  100  gallons  rum,  at  $1  per  gal- 
lon,    $100.00. 

Nole.  It  is  plain  that  money  was  received,  and  rum  de- 
livered ; 

Therefore,  Cash  received  Dr.  to  Rum  delivered,   g1 00.00. 

Delivered  A.  B.  in  barter.  Sugar  to  the  value  of  ^100.  and 
received  of  him  in  return.  Brandy  to  the  same  amount. 

Note,  The  goods  received  must  be  Dr.  to  the  goods  de- 
livered; 

Therefore,  Brandy  Dr.  to  Sugar,     glOO.OO. 

1.  Debit  Brandy,  to  Sugar,     §100. 

2.  Credit  Sugar,  by  Brandy,       100. 

An  imdginari/  account  of  Gain  or  Loss,  is  always  Dr. 
when  I  lose  and  have  no  real  or  personal  account  to  charge 
or  debit.     Suppose  I  lost  one  hundred  dollars ; 

It  is  evident  that  I  cannot  charge  any  real  or  personal  ac- 
count with  the  loss ;  therefore,  I  substitute  Profit  and  LosS) 
and  debit  it  for  the  loss. 

Profit  and  Loss  Dr.  to  Cash  lost,    $100.00. 


n 

Cfiven  my  son,  as  a  doRatlon,  $5000.  to  begin  business. 

Note.  It  is  plain  that  the  son  cannot  be  charged  with  it,  as 
it  is  a  donation,  nor  any  other  account ; 

Therefore,  Profit  and  Loss  Dr.  to  Cash,     $5000.00. 

It  is  Cr.  when  I  gain,  and  have  no  real  nor  personal  account 
to  discharge  or  credit. 

My  uncle  bequeathed  me  at  fcis  death,  ^2000.  which  I  have 
received  from  his  Executor:  now  it  is  evident  that  I  have  no 
real  or  personal  account  to  discharge  or  credit,  for  the  uncle 
cannot  be  credited,  as  he  is  dead,  and  having  made  no  entry 
with  respect  to  the  Executor ; 

Therefore,  Cash  Dr.  to  Profit  and  Loss,  $5000.00 

A.  B.  owes  me  a  year's  interest  on  g^lOOO.  70.00 

A.  B.  or  Cash,  if  I  am  paid,  Dr.  to  Profit  and  Loss, 

or  to  Interest  account,  70.00 


Of  Merchant's  Business. 

The  business  of  the  Merchant  may  be  reduced  to  the  three 
following  branches : 

1.  Proper  Trade,  which  the  Merchant  carries  on  for  himself. 

2.  Factorage,  which  he  conducts  for  another,  called  his 
employer. 

3.  Partnership,  which  is  managed  by  another,  called  a 
Manager  or  Trustee,  in  the  name  of  the  Company. 

Proper  Trade  is  either  domestic  or  foreign.  Proper  do- 
mestic trade  is  what  a  Merchant  conducts  for  himself,  without 
the  help  of  a  Factor. 

Proper  foreign  trade  is  the  business  that  is  carried  on  for  a 
Merchant  by  his  Factor. 

Proper  domestic  trade  comprehends  six  things,  viz. 

1.  The  Inventory.  4.  Buying  Goods. 

2.  Receiving  Money.  5.  Selling  Goods. 

3.  Paying  Money.  6.  Bartering. 

■I  ■      O  '  ■!  ■  ■  I  »i   ■ 

Of  Proper  Accounts. 

1.  DOMESTIC. 

Of  Paying  and  Receiving  Money, 

When  an  Inventory  is  taken  of  the  ready  Money,  Goods, 
Voyages  and  Debts  belonging:  or  owing  to  you, 
i.  Debit  the  several  pare  Is  and  parties^  to  Stock  ; 
2.  Credit  Stock,  by  sunlries  for  the  whole  amount. 
When  an  Inventory  is  taken  of  the  debLs  owing  by  you, 
1.  Debit  Stock  for  the  whole  amount ; 


12 

2.  Credit  the  several  persons,  by  Stock  for  the  sum  due  to 
each. 

When  you  receive  of  A.  B.  for  the  use  of  C.  D.     g  100.00 

Note.  The  thing  received  is  Dr.  to  the  person  for  whose 
account  you  received  it,  when  you  gave  nothing  in  return  ; 
therefore,  make 

Cash  Dr.  to  C.  D.  received  on  his  account  of  A.  B.  100.00. 

Paid  A.  B.  on  account  of  C.  I),  one  hundred  dollars. 

Note,     The  person  for  whose  account  you  p^y  any  thing, 
is  Dr.  to  the  thing  you  pay  for  him  ;  therefore, 
'    C.  D.  Dr.  to  Cash  paid  A.  B.  on  his  account,         g  1 00.00. 

Borrowed  of  A.  B.  to  pay  in  ten  days,  100.00. 

Note.  The  thing  received  is  Dr.  to  the  person  of  whom 
you  receive  it,  when  nothing  is  delivered  in  return  ;  therefore, 

Cash  Dr.  to  A.  B.  borrowed  of  him,  to  repay  in  ten  days, 
^100.00. 

Lent  C.  D.  the  sum  of  one  hundred  dollars,  to  be  repaid  in 
ten  days. 

Note.  The  person  to  whom  you  deliver  any  thing,  is  Dr. 
to  the  thing  delivered  him,  when  nothing  is  given  by  him  in 
return. 

C.  D.  Dj.  to  Cash  lent  him,  to  be  repaid  in  ten  days,  J^IOO.OO. 

Received  from  I.  K.  the  sum  of  one  hundred  dollars,  for 
Interest. 

Note,  The  payments  received  are  Dr.  to  the  person  who 
pays  them,  or  to  some  fictitious  account  that  is  substituted  ; 
therefore, 

Cash  Dr.  to  I.  K.  or  to  Interest  account,     $100.00. 

When  Interest  becomes  due  and  booked  before  you  re- 
ceive it — 

A.  B.  Dr.  to  Interest  due  on  his  Bond,  1st  inst.     g50.00. 

When  A.  B.  pays  the  fifty  dollars  due  of  him  for  Interest, 

Note.  As  you  charged  him  before  for  interest  money  when 
due,  now  you  must  discharge  or  credit  him  when  paid. 

Cash  Dr.  to  A.  B.  received  for  Interest  due  on  his  Bond, 
g50.00. 

If  you  are  indebted  to  A.  B.  one  hundrerl  dollars  for  inte- 
rest, and  charge  it  in  your  books  before  it  is  paid — 

Interest  Dr.  to  A,  B.  due  to  him  on  my  Bond,  Ist  inst. 
BIOO.OO. 

When  you  paid  A.  B.  one  hundred  dollars  for  interest  due 
to  him,  for  which  you  credited  him  before, 

A.  B.  Dr.  to  Cash  paid  him  for  Interest  due  on  my  Bond, 
^100.00. 

Paid  charges  amounting  to  two  hundred  dollars  on  mer- 
chandize, 


13 

Merchandize  Dr.  to  Cash  paid  charges  thereon,    g200.00. 

Paid  100.  on  petty  disbursements  in  trade,  charge, 

Merchandize  Dr.  to  Cash  paid,  $100.00. 

Paid  seventy-five  dollars  on  house  expenses. 

House  Expenses  Dr.  to  Cash  paid  for  my  family,     ^75.00*. 

Purchased  Stock  in  the  Manhattan  Bank,  amounting'  to 
gl  0000  00; 

Manhattan  Bank  Di-.  to  Cash  paid  for  Stock,     gl 0000.00. 

If  you  pay  10  per  cent,  on  each  Share  of  any  Capital  Stock, 
for  the  Shares  are  generally  paid  by  instalments  ; 

Manhattan  Bank  Dr.  to  Cash  paid  10  per  cent,  on  my 
Shares,     1000.00. 

When  a  dividend  becomes  due  to  you  on  Bank  Stock,  and 
booked  before  received  ; 
V    Bank  Dr.  to  Profit  and  Loss,  for  dividend  due,     $500.00. 

When  Bank  pays  you  the  dividend,  after  you  have  charged 
the  same ; 

Cash  Dr.  to  Bank,  or  Company,  for  dividend  received, 
g500.00. 

When  Bank,  or  Company,  paid  you  your  dividend,  of  which 
you  made  no  entry  until  received  ; 

Cash  Dr.  to  Profit  and  IvOfs  for  dividend  received  of, 
1.500.00. 

Suppose  A.  B,  who  was  indebted  to  you  1^1400.  has  failed, 
?^d  that  he  has  agreed  to  pay  you  1 000.  for  the  whole,  which 
you  accepted ; 

Note.  It  is  plain  that  1000.  per  agreement,  will  pay  the 
i^bole  debt,  and  that  the  money  received  and  the  loss  sustain- 
ed are  the  debtors ; 

Sundries  Dr.  to  A.  B.  received  in  full,     1400.00 

Cash  received  in  composition,  1000.00 

Profit  and  Loss  for  the  abatement,  400.00 

When  you  compound  with  your  creditor,  and  pay  him  a 
p^rt  of  the  debt  for  the  whole,  suppose  the  above  reversed. 

Note.  A.  B.  must  be  debited,  by  agreem^it,  for  the  whole 
debt,  and  the  payments  made  him,  viz.  cash  and  gain,  credited. 

A.  B.  Dr.  to  sundries  paid  him  in  full,     1400.00 

To  Cash  paid  him  in  composition,  1000.00 

To  Profit  and  Loss  for  ahatoment,  400.00 

When  a  legacy  of  4000.  is  bequeathed  you  by  C.  D.  who 
gippoints  A.  B.  his  executor  ; 

Note.  It  is  evident  that  A.  B.  is  to  be  debited,  and  that 
no  real  or  personal  account  can  be  credited ;  therefore,  the 
fictitious  account,  profit  and  loss,  must  be  substituted  ;  thus, 

A.  B.  Dr.  to  Profit  and  Loss  gained  by  the  will  of  C.  D. 
4000.00. 


14 

Wben  A.  B.  pays  you  the  legacy  bequeathed  ; 

Cash  Dr.  to  A.  B.  received  in  full  of  the  will  of  C.  D^ 
4000.00. 

If  you  receive  the  legacy  before  you  make  an  entry  in 
your  books  ; 

Note.  Whatever  is  received  is  Dr.  to  the  thing  delivered  ; 
and  as  nothing  was  given  by  you  in  return,  it  being  a  dona- 
tion, it  is  apparent  that  C.  D.  is  not  to  be  credited,  for  you 
cannot  credit  a  person  deceased  ;  therefore,  debit  cash,  and 
credit  profit  and  loss,  for  the  gain. 

Cash  Dr.  to  Profit  and  Loss,     4000.00. 

When  you  receive  a  legacy  for  the  use  of  E.  F.  yourself 
being  the  executor ; 

Cash  Dr.  to  E.  F.     When  you  pay  him,  E.  F.  Dr.  to  Cash. 

Of  Faying  and  Receiving  Money  by  an  Order  or 
Assignment 

Suppose  you  receive  1000.  of  C.  D.  by  an  order  op  assiga- 
^lent  of  A.  B.  on  him  at  sight ; 

Note,  It  is  evident  that  the  payment  received  is  Dr.  to  the 
person  on  whose  account  you  received  it,  when  nothing  was 
given  by  you  in  return  ;  and  as  you  received  the  money  of  C. 
D.  by  an  order  of  A.  B.  debit  cash  and  credit  A.  B. 

Cash  Dr.  to  A.  B.  received  of  C.  D.  per  order,     1000.00. 

Note,  A.  B.  will  debit  you  and  credit  C.  D.  and  C.  D.  will 
debit  A.  B.  and  credit  cash. 

Suppose  you  give  an  order,  or  draw  a  bill  of  500.  on  A.  B. 
your  debtor  to  C.  D.  your  creditor,  and  the  same  is  paid  ; 

Note.  The  person  in  whose  favor  you  draw  a  bill  must  be 
debtor  to  him  on  whom  the  bill  is  drawn  for  the  amount,  and 
as  C.  D.  is  the  receiver  and  A.  B.  the  acceptor;  therefore, 
debit  C.  D.  and  credit  A.  B. 

C.  D.  Dr.  to  A.  B.  for  my  order  favor  C.  D.  for  500.00* 

Suppose  A.  B.  refused  paying  or  accepting  the  order  ; 

Note,  The  person  who  refuses  paying  or  accepting  a  bill, 
is  Dr.  to  him  in  whose  favor  it  was  drawn,  as  the  receiver  was 
charged  for  its  amount  before ;  therefore,  debit  A.  B.  ^nd 
credit  C.  D. 

A.  B.  Dr.  to  C.  D.  for  nonpayment  of  my  order,     500.00. 

If  you  receive  of  C.  D.  a  note  of  A.  B.  of  400.  and  enter 
it  in  your  books; 

Bills  Receivable  Dr.  to  C.  D.  for  A.  B's.  Note,  transferred 
to  me,    400.00. 

When  you  deliver  said  note,  afterwards,  in  payment  to  P.  H. 

P.  H.  Dr.  to  Bills  Receivable  for  A.  B's.  Note,  transferred 
to  him,    400.00. 


to 

Of  buying  Goods  and  Merchandize. 

WHEN  you  buy  goods  to  the  amount  of  400.  of  A.  B.  and 

pay  the  money, 

Note.    The  tiding  received  is  Dr.  to  the  thing  delivered. — 

Therefore, 

Goods  or  Merchandize,  Dr.  to  Cash  paid,  400.00 

Bought  one  thousand  dollars  worth  of  Goods  of  A.  B.  at  90 

^zys  credit. 
Note.  The  thing  received  is  Dr.  to  the  person  from  whom  you 

receive  it,  when  nothing  is  given  in  return.     Therefore  as  the 

goods  were  bought  on  credit,  make 

Merchandize  Dr.  to  A.  B.  for  amount  of  invoice,     1000.00 
Required  of  A.  B.  an  abatement  of  300.  on  the  above  goods, 

for  defect,  which  he  allowed. 

Note.    As  you  credited  him  before  for  the  amount  of  goods 

purchased,  of  course  you  will  charge  him  now  for  the  defect 

allowed  by  him,  therefore, 
A.  B.  Dr.  to  Merchandize  or  goods  for  defect  allowed  300.00 
If  the  account  of  Goods  or  Merchandize  be  closed, 
A.  B.  Dr.  to  Profit  and  Loss  for  abatement  on  Goods  300.00 
Bought  one  thousand  dollar's  worth  of  Goods  of  A.  B.  paid 

bim  600.  the  remainder  in  90  days. 

Note.    The  thing  received  is  Dr.  to  the  thing  given  in  re- 
turn, and  as  you  received  the  Goods  for  part  money  and  part 

on  credit,  therefore,  debit  Merchandize  for  the  whole  amount, 

and  credit  Cash  for  the  sum  paid,   and  A.  B.  for  what  remains 

unpaid. 

Merchandize  Dr.  to  Sundries,  1000.00 

To  Cash  paid,  600.00 

To  A,  B.  to  pay  in  90  days,  400  00 

Bought  Goods  of  I.  H.  as  per  invoice,  amounting  to  3000. 

paid  present  money  1000.  given  an  order  C.  D.  at  sight,  for 

1000.  the  remainder  payable  in  4  months. 

Note.     The  goods  received  are  Dr.  to  the  means  by  which 

they  were  acquired,  and  they  were  delivered  by  I.  H.  to  you, 

by  means  of  the  money  you  paid  him,  the  order  you  gave  him, 

the  Credit  allowed.  Therefore,  debit  the  Goods  for  the  value, 

and  credit  the  several  payments  made. 

Merchandize  Dr.  to  Sundries,  3000  00 

To  Cash  paid,  1000  00 

To  C.  D.  for  my  order  on  him,  favor  I.  H.  for        1000.00 
To  I.  H.  to  pay  for  Goods,  at  4  months,  1000.00 

Suppose  you  buy  goods  of  your  Dr.  I.  K.  for  a  debt  due  to 

you,  their  value,  per  Bill  of  Parcels,  amounting  to  more  than 


It; 

the  debt,  the  overplus  repaid  in  money.      The  debt  is  1000.00 
the  amount  of  the  goods  bought  1500. 

Note.  The  goods  received  are  Dr.  to  the  means  by  which 
they  were  acquired ;  and,  as  they  were  sold  by  I.  K.  to  liqui- 
date the  debt  he  owed,  and  in  consideration  of  the  money  paid 
him,  therefore,  debit  the  goods  for  their  vaiiie,  credit  him  for 
the  sura  due,  and  cash  for  the  amount  paid — 'HuJ^ 

Goods  or  Merchandize  Dr.  to  Sundries^  1500.00 

To  1.  K.  for  amount  due  to  me,    ^  1000.00 

To  Cash  paid  the  overplus  *  500.00 


Of  selling  Goods  or  Merchandize. 

Sold  A.  B.  at  90  days  sundpy  goods,  amounting,  per  Bill  of 
Parcels,  to  eight  hundred  dollars. 

A.  B.  Dr.  to  Merchandize,  sold  by  him  at  90  days,  for  800.00 
Suppose  you  made  an  abatement  of  one  hundred  dollars  on 
the  above  goods  after  they  were  charged  in  your  books,  on 
account  of  defect  or  damage. 

Note.  It  is  evident  as,  in  the  above  instance,  you  debited 
A.  B.  and  credited  the  goods,  that  in  the  present  case,  you 
must  either  debit  the  goods,  or  profit  and  loss,  and  credit  A.  B. 
for  defect,  per  agreement. 

Merchandize  Dr.  to  A.B.  abated  for  damage  on  Goods  100.00 
Sold  A.  B.  Merchandize,  as  per  invoice  rendered,  which 
amounted  to  2000.  you  owed  him  1 500.  and  he  returned  the 
balance  in  money. 

Note,  As  the  different  payments  made  you,  viz.  the  liquida- 
tion of  your  debt,  and  the  money  received  for  the  overplus, 
were  occasioned  by  the  means  rendered,  (i.  e.)  the  goods  sold. 
Therefore  the  result  is,  that  you  must  credit  Merchandize  or 
Goods  for  their  value  ;  next  debit  A.  B.  for  balance  due  to 
him,  and  Cash  for  the  amount  received 

Sundries  Dr.  to  Merchandize,  for  amount  sold,  200000 
A.  B.  for  the  Balance  of  his  Account,  now  paid,  1500.00 
Cash  for  the  overplus  received  of  him,  500.00 

Sold  K.  L.  Merchandize  or  Goods,  amounting  to  one  thou- 
sand dollars,  received  of  him  the  following  payments,  viz. 
Ready  Money  400.00 

An  Assignment  on  C.  D.  for  400.00 

The  remainder  to  be  paid  in  90  days,  200.00 


Sundries  Dr.  to  Merchandise,  sold  to  K,  L.  for       1000.00 


Ciash  received  in  part  400.00 

C.  D.  for  Iv.  L's  Assignment  400.00 

K.  L.  to  pay  in  90  days,  200.00 

Of  Bartering  Goods  or  Merchandize. 

Bartered  or  exchanged  tobacco,  to  the  amount  of  1000. 
with  A.  H.  for  brandy  of  equal  value. 

Mote.     The  thing  received  is  Dr.  to  the  thing  delivered, 
Brandy  Dr.  to  Tobacco,  1000.00. 

Delivered  cotton,  valued  at  2000.  to  A.  B.  in  barter  ;  re- 
ceived of  him  in  exchange,  indigo,  value  1000.  broad  cloth, 
value  300.  and  accepted  Bill  on  C.  D.  for  200.  the  remaining 
600.  to  be  paid  in  90  days  ; 

Mote.  As  the  goods  received  with  the  payments  remaining 
due,  are  the  result  or  consequence  of  what  you  dilivered  in 
return  ;  therefore,  cotton  delivered  is  to  be  credited  for  its 
value — indigo,  broad  cloth,  C.  D.  and  A.  B.  must  be  debited 
for  their  respective  quantities  and  values,  thus, 

Sundries  Dr.  to  Cotton  bartered,  2000.00 

Indigo  received  in  barter,  value  1000.00 

Broad  Cloth,  ^   300.00 

C.  D.  for  A.  B's.  draft,  my  favor,  for  200.00 

A.  B.  to  pay  in  90  days,  500.00 

Received  of  A.  B.  in  barter,  cotton  valued  at  2000.  and 
delivered  in  return,  indigo  worth  1000.  broad  cloth  worth  300. 
and  paid  him  the  balance  in  money. 

Note.  The  article  received  is  Dr.  to  the  payments  made, 
or  what  is  delivered  in  return ;  therefore,  cotton  is  Dr.  and 
broad  cloth,  indigo  and  cash  are  Crs. :  thus, 

Cotton  Dr.  to  Sundries,  received  in  barter,  2000.00 

To  Indigo,  do.  1006.00 

To  Broad  Cloth,  do.  300.00 

To  Cash  paid  A.  B.  in  barter,  FOO.OO 

When  several  sorts  of  goods  are  bartered  for  several  others 
of  equal  value ;   / 

Delivered  A.  B.  in  barter,  1000  lbs.  of  Indigo,  at  1.50  per  lb. 
6  Hhds.  Tobacco,  nt.  wt.  6720  lbs.  at  .20  per  lb.  10  Bales  of 
Cotton,  wt.  4480  lbs.  at  .20  per  lb.  100  yds.  Cassiniere,  at  2. 
per  yd.  and  received  of  him  in  exchange  5000  yds.  Linen,  at 
.50  per  yd.  2160  yds.  Check,  at  .50  per  yd.  6  bbls.  Brandy, 
180  gallons,  at  2.  per  gallon.  ;>^^ 

Note.     The  several  goods  received,  each  for  its  quantity 
and  value,  are  Dr.  to  the  several  goods  delivered  in  return, 
eadhfor  its  quantity  and  value. 
Stttidries  Dr.  to  Sundries. 

D 


18^ 

Received  the  follawing  goods  of  A.  B.  in  barter,  vi:^. 
Linen,  for  5000  yds.  at  .50  per  yd.  3500.03*^ 

Checks  „  2160       „      .50       „  1080.0(> 

Brandy  „  G  bbls.  180- gall.  2.  per  gallon^  369.00^ 


3940.00 


For  the  following,  delivered  him  in  return,  viz. 
To  Indigo,    1000  lbs.  at  1.50  per  lb.  1500.00 

To  Tobacco,  6720     „  .20     „  1344.00 

To  Cotton,     4480     „  .20     „  896.00 

To  Cassimere.  1 00  yds.  at  2.  per  yd.  200.00 


3940.0a 


O-r  make,  expressing  particulars  as  above. 
Sundries   Dr.  to  A.  B.    received    of   him  in 

barter,  Goods  value  3940.00^ 

A.  B.  Dr.  to  Sundries  delivered  to  him  in  barter. 

Goods  value  3940.0Q 

If  you  Keep  a  general  Acct. 
Merchandize  Dr.  to  A.  B,  received  in  barter, 

Goods  valued  at,  3940  00 

A.  B.  Dr.  to  Merchandize  delivered  him  in  barter  3940.00 


Shipping. 


Bought  the  Ship  Neptune  of  A.  B.  for  10000.  ready  money  j 
J^ote.     The  thing  received  is  Dr.  to  the  thin^  delivered  in 
return  ;  therefore, 

Ship  Neptune  Dr.  to  Cash  paid  A.  B.  for  her,     10000  00 
Paid  D.  L.  1000.  for  repairing  the  Ship  Neptune,  as  per  bill 
rendered  ; 

Ship  Neptune  Dr.  to  Cash  paid  for  repairs,     1000.00. 
Sold  Ship  Neptune  to  C.  D.  for  12000.  receiv^ed  his  note  aS 
4  months  for  the  amount ; 

Bills  payable,  or  C.  D.  Dr.  to  Ship  Neptune,     12000.00. 
Sold  Sloop  Trident  to  I.  K.  for  6000.  and  received  the  fol- 
lowing payments  :  2000.  in  money,  an  assignment  of  2000.  on 
A.  B.  and  the  remainder  in  ninety  days ; 

Sundries  Dr.  to  Sloop  Trident,  6000.00 

Cash  received,  2000.00 

A.  B.  for  the  assignment,  2000.00 

If.  ]^.  to  pay  in  90  days,  2000.00 


,19 

Paying  aiid  receiving  Freight: 

Paid  500.  freight,  for  goods  shipped  to  Savannah,  and  con- 
«igned  to  L.  B.  to  sell  for  my  account. 

Note.  This  being  ah  additional  charge  on  the  goods,  the 
adventure  or  voyage  must  be  debited  for  it. 

Adventure  to  Savannah  Dr.  to  Cash  paid  freight        500  00 

Received  3000.  of  C,  D.  for  freight  of  my  ship,  called  the 
Mary. 

Note.  As  the  ship  is  always  debited  for  all  costs  and  char*- 
ges  attending  her,  likewise,  she  must  now  be  credited  for  the 
money,  or  return  received — thus, 

Cash  Dr.  to  Ship  Mary,  received  of  C.  D.  for  freight  3000. 00 


Bonds  and  Promissory  Notes, 

If  you  buy  a  note  of  1000.  of  A.  B.  which  was  given  him 
by  CJ.  D.  and  that  you  wiis  allowed  an  abatement  of  50.  on  the 
«ame. 

Note.  As  you  bought  C.  D^s.  note  at  a  discount,  which 
iBust  be  a  gain  to  you,  if  you  receive  the  full  amount ;  there- 
fore, the  thing  received,  (that  is  the  Note)  or  C.  D.  is  Dr. 
Cash  delivered,  and  Profit  and  Loss  Crs. 

Notes  receivable  Dr.  to  Sundries  1000.00 

To  Cash  paid  950.00 

To  Profit  and  Loss  gained  by  discount  50.00 

Sold  L.  K's  note  of  1200.  to  F.  H.  for  1100.  ready  money„ 
Note.  As  you  sold  the  note  for  less  than  its  nominal  value, 
consequently  you  sustained  a  loss  of  one  hundred  dollars,  and 
as  the  things  received  are  always  debited  to  the  things  or  arti- 
cle delivered,  therefore.  Cash  and  the  loss  received  areDrs.  to 
Bills  Receivable  delivered. 

Sundries  Dr.  to  Bills  Receivable  1200.00 

Cash  received  for  L.  K's.  note  1100.00 

Profit  and  Loss,  lost  by  abatement  on  the  same  100.00 

If  you  transfer  the  above  note  at  its  nominal  value,  and  re- 
ceive the  money, 

Ca§h  Dr.  to  Bills  receivable,  received  of  P.  H.  for  L.  K's. 
joate.  1200.00 


■20 


Foreign  Trade. 

SHIPPING  GOODS  ON  YOUR  OWN  ACCOUNT. 

Shipped  a  cargo  of  goods,  to  the  amount  of  10000.  to  Fun- 
chal,  in  the  Island  of  Madeira,  on  board  the  Brig  Harriot, 
consigned  to  Francis  Alcara,  Merchant  there,  to  sell  on  my 
account,  which  goods  were  entered  before  in  my  Books. 

Note,  The  adventure  or  voyage  is  always  debited  to  the 
goods  for  all  costs  and  charges  attending  them,  if  entered  be- 
fore in  the  books,  and  credited  for  the  net  proceeds,  or  return 
received. 

Voyage  to  Madeira  Dr.  to  Merchandize  10000.00 

If  the  goods  were  bought  for  ready  money,  and  no  entry 
made  of  them  in  your  books  before  they  were  shipped — 
Voyage  to  Madeira  Dr.  to  Gash  10000.00 

If  the  goods,  shipped  to  Madeira,  were  bought  of  A.  B.  on 
credit,  and  not  entered  in  the  books  before  exportation, 

Note.  The  goods  received  are  Dr.  to  the  person  from 
whom  you  receive  them,  when  nothing  is  given  in  return — 
therefore, 

Voyage  to  Madeira  Dr.  to  A.  B.  10000.00 

Shipped  a  cargo  of  goods  value  16r96.  the  amount  of  1 0000. 

was  entered  in  books,  the  value  of  6000.  was  purchased  for 

ready  money,  the  remainder  was  bought  of  A.  B.  at  4  months. 

The  two  last  parcels  not  entered. 

Note,  It  is  evident  that  the  goods  entered,  as  mentioned 
above,  when  shipped,  must  be  credited  for  their  cost  to  close 
account.  It  is  also  apparent  that  cash  is  to  be  credited  for  the 
amount  purchased  for  ready  money,  as  it  is  the  thing  delivered 
in  return.  And,  also,  that  you  must  credit  A.  B.  for  the  goods 
bought  of  him,  as  nothing  was  given  to  him  in  return.  There- 
fore, 

Voyage  to Dr.  to  Sundries,  for  amt.  shipped,  16796.00 

To  Merchandize,  for  amt.  entered  in  books,  lOOOO.OO 

To  cash  for  amt.  purchased,  expressing  particulars,  6000.00 
To  A.  B.  for  goods  bought  of  him,  796.00 

Received  a  drawback  of  one  thousand  dollars  on  the  goods 
exported, 
Cash  Dr.  to  Voyage  to  »—-,  received  a  drawback  of  1 000,00 


Receiving  advice  from  your  Factor. 

If  your  Factor,  F.  A.  advises  you  that  he  received  the 
goods,  but  sold  no  part  of  them  ; 

Note,  Make  no  entry  until  you  receive  an  account  Sales, 
and  if  the  Factor  remits  the  net  proceeds  in  cash  or  bill  on 
W,  B.  of  New- York,  who  paj'S  it  immediately,  amounting  to 
twenty  thousand  dollars ; 

As  you  debited  the  voypge  for  the  value  of  the  goods  ship- 
ped,  so  now  you  must  credit  it  for  the  net  proceeds,   or  the 
returns  received  from  Factor,  in  order  to  close  the  account, 
and  to  ascertain  the  gain  or  loss  on  the  same  ;  therefore, 
Cash  Dr.  to  Voyage  to  IMadeira,  for  net  proceeds,  20000.00 
If  the  bill  be  drawn  at  90  days,  and  and  acccpted-by  W.  B. 
W.  B.  Dr.  to  Voyage  to  Madeira,  for  iiiil  accepted  for  ni. 
proc.     20000. 

When  W.  B.  pays  the  amount  of  the  bill  accepted  by  him  ; 
Note,     As  you  debited  him  for  amount  of  bill   when  ac- 
cepted, so  now  you  must  credit  him  when  paid,   in  order  to 
close  the  account ; 

Cash  Dr.  to  W.  B.  rec'd.  the  amt.  of  his  bill,      20000.00 
If  your  Factor,  F.  A.   advises  you  that  the  goods  are  all 
sold,  and  a  cargo  shipped  in  return,   amounting  to  the  net 
proceeds ; 

Voyage  from  Madeira  Dr.  to  Voyage  to  Madeira,  20000.00. 
If  your  Factor  advises  you  that  he  has  overshipped  the  nt. 
proc.  by  your  order,  to  the  amount  of  10000. ; 

Note,  As  the  former  voyage  is  to  be  credited  for  the  net 
proceeds,  in  order  to  close  it,  so  is  F.  A.  to  be  credited,  like- 
wise, for  the  value  of  the  goods  overshipped,  as  you  delivered 
him  nothing  in  return,  and  the  homeward  bound  voyage  de- 
bited for  the  wliole  amount ; 

Voyage  from  Madeira  Dr.  to  Sundries,  30000  00 

To  Voyage  to  Madeira,  for  nt.  proc.  20000.00 

To  F.  A.  Factor,  my  acct.  currt.  due  to  him,      10000.00 
If  Factor  advises  you  that  he  has  undershipped  the  nt.  proc, 
by  five  thousand  dollars, 

Note,  As  the  former  voyage  is  to  be  credited  for  the  nt. 
proc.  when  you  receive  an  account  sales,  in  order  to  close  it, 
£0  is  the  homeward  bound  voyage  to  be  debited  for  amount 
of  goods  shipped,  and  also  the  Factor  for  what  remains  due  of 
him. 

Sundries  Dr.  to  Voyage  to  Madeira  for  nt.  proc.  20000.00 
Voyage  from  Madeira,  for  amt.  Goods  Shipped,  15000.00 
F.  A.  Factor,  ray  acct.  currt,  for  the  sum  due  of 

him,  .5000.00 


22 

When  the  Ship  arrives  in  port,  and  you  pay  a  duty  of  sis 
thousand  dollars  on  the  cargo; 

Note.  The  voyage  is  to  be  debited  for  all  costs  and  char- 
ges, and  cash,  or  whatever  was  given  to  discharge  the  same, 
credited ; 

Voyage  from  Madeira  Dr.  to  cash  paid  duty,        6000.00 

If  the  duty  be  secured  at  the  custom-house,  to  be  paid  at  the 
usual  time  ; 

Note,  The  voyage,  or  merchandize,  is  to  be  debited,  and 
the  custom-house,  to  whom  you  are  indebted  for  the  duty, 
credited ;  the  same  as  the  thing  received  is  Dr.  to  the  thing 
delivered,  when  nothing  is  given  in  return  ; 

Voyage  from  Madeira  Dr.  to  Custom-house  for  duty,  6000. 

When  you  pay  the  custom-house  the  amount  secured  to  be 
fmid  ; 

Note,  As  you  credited  the  custom-house  before  for  the 
duty,  now  you  must  debit  them  in  order  to  close  their  acct. 

Custom-house  Dr.  to  Cash  paid  in  full,  6000.00 

If  you  receive  advice  that  the  Ship  was  lost  on  her  voyage 
to  Madeira,  and  not  insured  ; 

Note,  It  is  evident  that  no  real  or  personal  account  can 
be  charged  with  this  loss,  as  the  cargo  was  not  insured  ;  there- 
fore, you  must  substitute  profit  and  loss  as  your  Dr.  and  also 
Cr.  the  voyage  for  the  amount  lost. 

Profit  and  Loss  Dr.  to  Voyage  to  Madeira  for  my  loss,  10000. 

But  if  the  goods  were  insured  by  the  Globe  Insurance 
Company ; 

Note,  It  is  apparent  that  you  can  charge  the  Insutince 
Company  with  the  cargo  insured,  for  the  amount,  as  they  are 
bound,  by  the  policy  delivered  you,  to  cover  all  losses  that 
may  occur  until  the  ship  arrives  safe  at  her  destined  port ; 

Globe  Insurance  Dr.  to  Voyage  to  Madeira,       10000.00. 

If  F.  A.  advises  you  that  he  was  obliged  to  make  abatements, 
or  pay  some  other  unforeseen  charges  on  your  goods,  amount- 
ing to  five  hundred  dollars,  * 

Note,  The  voyage,  if  it  is  open,  must  be  debited  for  all 
losses  sustained  by  sale  of  the  goods  ;  if  closed,  as  no  other 
real  account  can  be  found  in  the  transaction,  profit  and  loss  is 
substituted  and  charged  for  the  loss,  and  factor  credited. 

Voyage  if  open,  if  not  Profit  and  Loss  Dr.  to  F.  A.  Factor, 
Day  Account  Current  500.00 


% 


2» 

m 

Heceiving  Payment,  from  your  Factor^ 
in  Bills. 

If  you  draw  a  Bill  of  2000.  on  your  Factor,  I.  S.  favor  A.  B. 
"who  pays  you  the  amount  of  the  Bill  in  money. 

Note.  The  payment  received,  is  Dr.  to  the  person  on  whose 
account  you  receive  it,  when  nothing  was  delivered  him  in 
j-e  turn,  and  asthe  money  received  of  A.  B.  was  in  consequence 
of  your  Bill  given  him  on  I.  S.  therefore  cash  is  debited  and 
I.  S.  credited. 

Cash  Dr.  to  I.  S.  my  Acconnt  Current  for  my  Bill  on  him 
favor  A.  B.  for  2000.00 

If  you  draw  on  your  factor,  I.  S.  favor  A.  B.  a  Bill  of  1000. 
and  do  not  receive  the  value  of  it  until  some  future  day,  or  if 
you  are  indebted  to  A.  B.  for  that  amount  and  give  him  a  Bill 
on  I.  S.  in  payment. 

Note.  The  person  in  whose  favor  you  draw  a  bill,  when  he 
gives  nothing  in  return,  or  because  you  are  indebted  to  him, 
is  Dr.  to  him  on  whom  the  bill  was  drawn,  and  as  nothing  was 
delivered  by  you  to  I.  S.  in  return,  therefore  A.  B.  is  Dr.  and 
I  S.  Cr. 

A.  B.  Dr.  to  I.  S.  my  Act.  Currt.  for  my  Bill  on  him,  favor 
A.  B.  of  1000.00 

If  your  Factor  I.  S.  remits  you  a  bill  of  2000.  on  D.  K.  pay- 
able in  one  month  after  sight,  and  said  bill  is  accepted, 

Note.  The  thing  received  is  Dr.  to  the  person  on  whose 
account  you  receive  it,  when  nothing  is  given  him  in  return,^ 
and  as  the  bill  was  received  from  I.  S.  without  receiving  any 
consideration  from  you,  for  the  same  at  present ;  therefore, 
Bills  Receivable,  or  D.  K.  the  acceptor,  are  Drs.  and  I.  S, 
Cr. 

Bills  Receivable,  if  you  keep  an  account  of  Bills,  if  not, 
D.  K.  Dr.  to  I.  S.  my  Act.  Currt.  for  his  Bill  on  D.  K.  my 
favor  for  2000.00 

Drawn  a  bill,  on  I.  S.  my  Factor,  of  1500.  favor  H.  L.  which 
Bill  is  returned  protested. 

Note,  When  you  gave  H.  L.  the  bill,  you  debited  him  for 
the  amount,  as  nothing  was  recciv^^d  in  returii,  and  credited 
I.  S.  for  the  same  reason.  As  the  bill  was  not  paid,  but  return- 
ed protested,  you  must  now  credit  H.  L.  for  its  value,  in  order 
to  close  his  account ;  you  must  also,  debit  I.  S.  for  the  sum 
drawn,  as  payment  was  refused,  and  debit  profit  and  loss  for  the 
protest  money,  and  credit  cash  for  the  same. 

H.  L.  Dn  to  I.  ^.  for  my  Bill  on  him,  favor  H.  L.  of  1500,00 


When  the  bill  drawn  by  you  on  I.  S.  favor  H.  L.  is  return- 
ed by  him  proteste^'l,  and  that  you  pay  hiiiiHhe  protest  money. 
I.  S.  my  Act.  Currt.  Dr.  to  H.  L.  foEBj^paymcnt  of  my 
Bill  ^^  1500.00 

Profit  and  Loss  Dr.  to  Cash,  paid  for  protesting  I.  S's.  Bill, 
favor  H.  L.  "^        1.50 

Note.  It  is  presu^ned,  that  in  debiting  profit  and  loss,  with 
the  charges  of  protest,  that  I.  S.  has  failed,  otherwise  the  entry 
would  be  in  the  following  matiner,  viz. 

I.  S.  Dr.  to  Sundries  for  amt.  Bill  and  protest  1501.60 

To  H.  L.  for  amount  Bill  returned        "  1500.00 

1^  Cash,  paid  charges  of  protest  1,50 

But  if  any  person  for  the  honor  of  I.  S.  paid  you  the  amount 
of  the  bill,  with  the  charges  of  prc^test. 

Note,  .  As  I.  S.  was  debited  for  amount  of  bill  when  return- 
ed, an^rofit  and  loss  for  charges  of  protest,  now,  as  you  are 
repaid  the  same,  they  must  be  credited  for  that  sum,  in  order 
to  discharge  the  former  debit ;  and  the  thing  received,  that  is, 
cash,  debited. 

Cash  Dr.  to  Sundries* received  from  B.  D.  the  amt.  of  I.  S's. 
Bill,  favor  H.  L.   which   was  returned  with  charges  of  pro- 
test 1501.50 
To  1.  S.  for  amt.  Bill  returned  and  now  paid  1500  00 
To  profit  and  loss,  gained  by  protest  repaid  1.50 


Factorage. 

Factor?%e  comprehends  three  things,  viz. 

1.  The  Receipt  of  your  employer's  goods. 

2.  The  Sales  of  them. 

3.  The  returns,  or  payments  made  employer. 

When  you  become  Factor,  and  have  goods  consigned  to 
you  by  your  employer,  A.  B.  and  received  them  ;  paid  TOO. 
for  charges  of  importation  ; 

Note.  In  all  cases  yow  are  to  charge  employer's  acct.  of 
goods,  with  the  expenses  attending  them,  until  you  remit  him 
the  nt.  proc  and  as  cash  is  to  be  credited  for  the  money  paid, 
so  is  A.  B's.  sales  to  be  debited  for  the  same  ; 

A.  B.  Sales  Dr.  to  Cash  paid  charges  of  importation  700.00 

Sold  I.K.  goods,  expressing  particulars,  belonging  to  my  em- 
ployer A.  B.  amounting  to  five  thousand  dollars. 

Note,  As  you  received  nothmg  in  return  from  I.  K.  for 
the  goods  sold  him,  therefore,  you  must  debit  him  for  their 
value,  and  credit  A.  B.  sales  for  the  same  amount. 


2^ 

1.  K.  Dr.  to  A.  B.  sales,  lor  Goods  sold  him,  amc  mting 
to  5000. 

Closed  A.  B's.  account  of  goods  and  sent  him  an  account 
of  sales,  amounting  to  twenty  thousand  dollars. 

Note,  As  you  credited  your  employer's  account  of  goods 
for  the  sales,  so  now  you  must  debit  it  for  the  charges  and  net 
proceeds,  in  order  to  close  the  same ;  thus, 

A.  Ks.  Act.  Goods,  or  A.  B.  Sales,  Dr.  to  Sundries  for  the 
close  20000. 

To  Cash  for  all  charges  paid  thereon  500. 

To  Commission,  for  your  agency,  1500. 

To  A.  B's.  Act.  Curt,  for  net  proceeds  18000. 

Note,  The  net  proceeds  is  found  by  subtracting  all  char- 
ges from  the  total  saies.  ^ 

Received  from  I.  K.  the  sum  of  5000.  for  goods  sold  him 
the  20th  ult.  belonging  to  my  employer  A-  B. 

Note.  The  thing  received  is  Dr.  to  tlie  person  from  whom 
you  receive  it,  when  nothing  is  deiiv^red  in  return,  and  as  you 
had  no  occasion  to  ^ive  ar:y  in  return  to  I.  K.  as  he  was,  in* 
debted  to  you  for  your  (employer's  goods,  theiefore,  debit 
cash,  and  credit  him,  in  (jrder  to  close  his  account.  , 

C-ish  Dr.  to  1   K.  for  G  )')ds,  A.  B.  s'l^ssold  him    5000. 

When,  after  a  part  of  your  t  niployer's  goods  are  sold,  you 
hnd  you  carmot  dispose  of  the  rest  on  advantageous  terms,  and 
on  th'tt  account,  by  his  order,  either  return  what  remains  un- 
sold to  himself,  or  bhip  them   to  another  of  his  Factors, 

Paid  charges  on  thf  same  at  exportation  1500. 

Note,  The  money  n.:w  paid,  beinir  only  an  additional 
charge  on  your  emphiyer's  goods,  debit  his  act.  of  goods,  if 
open,  [f  not,  his  act.  curt,  for  the  same,  and  credit  cash ;  thus, 

A.  B.  Sales  Dr.  to  Cash,  paid  charges  at  exportation,  1500. 

Shipped  goods  to  the  amount  of  ten  thousarsd  dollars,  on 
account  of  my  employer  A.  B.  and  consigned  to  him,  part  of 
which  I  bought  of  C.  D.  at  4  i  Mouths,  amounting  to    5000. 

My  own  goods  amounting  to  5000. 

Insured  the  same  with  the  Globe  Inturance,  at  5 
per  cent.  *  500. 

10500. 


Note,  A.  B.  on  whose  account  you  shipped  the  goods,  is 
Dr.  to  the  means  by  which  they  were  obtained,  and  as  the  va* 
lue  of  5000.  was  purchased  before  by  you,  and  entered  in 
your  books,  you  must  credit  the  account  of  goods  or  merchan- 
dize for  that  amount,  in  order  to  close  it  as  far  as  respects  thie 

E 


transaction,  and  also  credit  G.  D.  for  the  quantity  boughiL  oi 
time,  and  the  Insurance  offic.e  for  the  money  due  to  them*; 
thus, 

A.  B.  Dr.  to  Sundries  for  amount  of  goods  shipped  on  hi» 
account,  10500. 

To  Merchandize,  my  ownj  6000. 

To  C.  D.  for  amt.  Goods,  at  4  months?,  5000. 

To  Globe  Insurance,  for  insuring  the  same,  at  5 
per  cent,  500. 

Received,  per  the  ship  Success,  Johnson,  master,  10  bales  of 
Broad  Cloth,  consigned  to  me  by  Samuel  Edwards,  of  Bristol,. 
to  sell  for  his  account. 

2ihte»  The  following  is  the  manner  of  closing  the  account 
taken  from  a  Sales  Book,  where  the  particulars  are  specified  at 
large,  without  any  alteration,  except  a  cliange  of  names,  and 
is  a  plain  and  accurate  form. 

Sundries  Dr.  to  Sales,  per  the  Success. 

For  amount  10  Bales  Broad  Cloth,  on  account  of  Samuel 
Edwards,  as  per  Sales  Book,  folio  5. 

Samuel  Harris,  for  2  bales,  at  2  months,  6554.50 

Oibson  and  Carr,  for  4  bales,  at  4  months,  8708. 

Cash  for  4  bales^  sold  for  ready  money,  11883.50 


27146. 


Sale?,  per  the  Success,  Dr.  to  Sundries. 
To  Cash  paid  charges,  2310. 

To  Commission  on  the  Sales  1900.15 

To  Samuel  Edwards,  for  net  proceeds  of  10  bales 
Broad  Cloth,  as  per  Sale's  Book,  fol.  5.  22935.85 


27146. 


J^ote.  In  ca«cs  where  the  charges  exceed  the  sales  of  the 
goods,  you  must  credit  the  account  Sales  for  the  deficiency, 
by  employer's  account  current,  in  the  Ledger  ;  thus 

Samuel  Edwards's  account  current  Dr.  to  Sales  per  the 
Success,  1000. 

Notr,  It  may  happen  that  the  sales  of  the  goods  would  not 
amoufit  to  the  charges  paid  by  the  Factor  on  them,  as  they 
might  be  damaged  at  sea  or  otherwise  injured  ;  therefore,  he 
must  debit  the  employer's  account  for  the  deficiency,  and 
«sredit  the  account  sales,  in  order  to  close  it,  for  the  same. 


27 

Insurance. 

Shipped  goods  value  20000.  and  insured  them  at  the  Glol^e 
Insurance  Office,  at  a  premium  of  10  per  cent,  which  I  paid  ; 

Note.  The  voyage  is  always  charged  wiih  tiU  expenses 
paM  thereon,  until  the  receipt  of  the  net  proceeds,  and  as  this 
is  an  expense,  Jt  must  be  debited  for  the  same ; 

Voyage  to  —  Dr.  to  Cash  paid  Insurance,  2006, 

When  you  insure  the  goods,  but  do  not  pay  the  premium  at 
the  same  time ; 

Note.  This  is  similar  to  goods  bought  on  time,  where  the 
thing  received  is  Dr.  to  the  person  from  whom  you  receive  it, 
when  nothing  is  given  in  return ;  and  as  the  office  insured  the 
goods,  for  which  they  have  received  no  compensation  as  yet ; 
therefore,  you  must  debit  the  voyage  and  credit  the  insurance 
company; 

Voyage  to  —  Dr.  to  Globe  Insurance,  for  goods  in- 
sured, 2000. 

When  you  pay  the  premiums  upon  advice  from  your  Factor 
that  the  goods  are  safely  arrived  ; 

Globe  Insurance  Dr.  to  Cash  paid  premium  on  Voy- 
age, 2000. 

If  the  above  goods  that  were  insured  by  the  Globe  Insurance 
are  cast  away  at  sea ; 

Note,  As  the  Company  became  responsible  for  all  losses 
that  may  happen  to  the  goods  until  the  ship  arrived  safe  in 
port ;  therefore,  you  must  debit  them  now  for  the  sum  insured 
and  credit  the  voyage  for  the  same  amount ; 

Globe  Insurance  Dr.  to  Voyage  to  — ,  i20000. 

If  the  goods  were  lost  at  sea,  and  not  insured  ; 

Note.  In  this  case,  as  no  real  or  personal  account  can  be 
charged  with  the  loss,  as  the  goods  were  not  insured;  there- 
fore, profit  and  loss  must  be  substituted  and  debited,  and  the 
voyage  credited,  in  order  to  close  it ; 

Profit  and  Loss  Dr.  to  Voyage  to  — ,  for  my  loss,  20000. 

Suppose  A.  B.  shipped  goods,  value  ten  thousand  dollars, 
to  New-Orleans,  on  board  the  brig  Nancy,  of  New-York, 
which  goods  were  insured  by  you  as  underwriter,  at  a  pre- 
mium of  5  per  cent,  which  was  paid  by  A.  B=  when  you  de- 
livered him  the  policy  ;  the  ship  and  cargo  being  lost,  you  be^ 
came  indebted  to  him  for  the  amount  insured,  which  you  im- 
mediately paid,  on  deduction  of  2  per  cent,  for  present  pay- 
ment ; 

Note.  As  the  underwriters  are  obliged  to  cover  all  losses 
JOTk  the  gQods  insm^  by  them,  and  as  you  are  bound  by  the 


28 

teftns  of  the  policy  delivered  to  A.  B.  to  repay  him  the  sum 
insured  ;  and  when  you  received  the  premium  of  him,  you 
debited  cash  and  credited  the  account  of  insurance  :  now  as 
you  have  paid  him  the  amount  insured,  you  must  debit  insu- 
rance 10000.  and  credit  cash  for  the  amount  paid,  9800.  and 
profit  and  loss  for  the  al)atement  of  »2  per  cent. 

1.  Cash  Dr.  to  Insur.mce,  recM.  of  A.  B.  premiuip,    500. 

2.  Insurance  Dr.  to  Sundries,  10000. 
To  Cash  paid  A.  B.  for  Insurance,  9800. 
To  Profit  and  Loss  for  abatement  of  2  per  cent,  on 

10000.  200. 


Bills  of  Exchange. 

If  you  draw  a  bill  of  two  thousand  dollars  on  A.  B.  favor 
D.  I.  who  paid  you  the  amount,  and  you  are  allowed  an 
exchange  of  2  per  cent,  by  him  ; 

j\^te.  The  thing  received  is  Dr.  to  the  person  on  whose 
account  you  receive  it,  when  nothing  is  delivered  in  return ; 
and  as  you  received  the  money  of  D.  I.  by  means  of  the  bill 
on  A.  B.  with  a  gain  of  2  per  cent  on  the  exchange  ;  there- 
fore, debit  cash  received  for  the  whole  amount,  credit  A.  B. 
for  the  value  of  the  hill,  and  profit  and  loss  for  the  exchange; 

Cash  Dr.  to  Sundries,  2040. 

To  A.  B.  for  amount  of  the  Bill,  2000. 

To  Profit  and  Loss  gained  by  Exchange,  40. 

If  j^ou  remit  the  above  bill  to  A.  B.  and  pay  Exchange  ; 

Sundries  Dr.  to  Cash,  2040. 

A.  B.  for  the  value  of  the  Bill  remitted,  2000. 

Profit  and  Loss,  lost  by  Exchange,  40. 

Or  Exchange  Acct.  if  that  is  open,  for  the  loss. 

JVotc,  If  you  employ  A.  B.  to  be  your  agent  in  the  com- 
merce of  bills,  open  exchange  acct.  with  A.  B.  and  debit  it  for 
all  bills  you  remit  him  for  sale,  and  credit  said  account  for  all 
remittances  made  by  him  to  you.  Keep  inner  columns  in  the 
account,  to  ascertain  the  exchange.  If  the  inner  columns  of 
the  Cr.  exceed  those  of  the  Dr.  side,  there  is  a  gain — and  if 
^fce  Dr.  columns  exceed  the  Or.  there  is  a  loss. 


29 

Company  Accounts. 

Company  Accounts  are  of  three  kinds,  viz. 

1.  Those  which  a  trustee  or  manager  has  occasion  to  keep 
in  his  own  Books,  along  with  his  private  concerns,  and  relate 
to  single  adventures  in  company. 

2.  Those  which  a  partner  has  occasion  to  keep  in  his  own 
Books,  in  relation  to  his  connection  as  a  partner  with-the  com- 
pan}^. 

3.  Those  of  a  fixed  company,  which  a  trustee  or  manager 
keeps  in  books  appropriated  for  that  purpose. 

Note,  This  last  is  usually  denominated  Partnership  in 
separate  Books. 

Case  1. 

The  entries  which  the  manager  has  to  make,  when  he  keeps 
the  accounts  of  the  company-adventure  in  his  own  books. 

When  each  partner  advances  an  equal  share  of  goods  in 
company ; 

Note.  It  is  evident  that  the  voyage,  adventure,  or  goods 
in  company,  must  be  debited  for  all  costs  and  charges,  as  they 
are  the  receivers  in  a  secondary  way.  It  is  also  apparent  that 
each  partner,  as  well  as  the  manager,  must  be  credited  for 
the  value  of  the  money  or  ^[oods  advanced  in  company,  as  they 
are  the  deliverers  ;  for  the  thing  rectived  is  Dr.  to  the  thing 
delivered. 

Voyage  in  Co.  Adventure  in  Co-  or  Merchandize  in  Co. 
with 

I.  S.  and  B.I.  Dr.  to  Sundries,  6000. 

To  I.  S's.  Account  in  Co.  for  his  ^  share  advanced,  2000. 

To  B.  Ts.  Account  in  Co.  for  his  \  share  advanced,  2000. 

To  Cash,  Merchandize,  if  booked,  seller  if  1 
bought  on  credit,   for  manager's  part  advan-  >  2000. 

ced,  J 

When  each  partner  advances  a  share  more  or  less  than  his 
part,  which  is  to  be  adjusted  afterwards,  so  as  to  make  the 
shares  equal. 

Suppose  I.  S.  advanced  goods  to  the  amount  of  three  tkn>« 
sand  dollars,  in  company,  and  that  B.  I.  and  the  manager  fur- 
nished each  the  value  of  fifteen  hundred  dollars ; 

Note.  It  is  evident  that  if  any  partner  advances  a  share 
more  or  less  than  his  part,  that  he  must  be  credited  for  the  ex- 
cess, and  debited  for  the  deficiency,  and  the  adventure  debit- 
ed foF  the  whole  amount ; 

Adventure  in  Co.  with  I,  S.  and  B.  I»  each  f  Dr.  to  Suh- 
dries,  60001 


30  / 

To  I.  S's.  Account  in  Co.  furnished  by  him,  30O0L 

To  B.  Vs.  Account  in  Co.  furnished  by  him,  1500. 

To  Cash,  or  Goods,  advanced  by  manag^er,  1500. 

When  I.  S.  is  paid  the  one  thousand  dollars  he  advanced 
more  than  his  share,  by  B.  I.  and  the  manager  ; 

Note.  It  is  apparent  that  I.  S.  as  he  was  credited  for  the 
money  advanced  a])ove  his  part,  m.ust  now  be  debited  for  the 
same  when  paifi^  in  order  to  close  or  balance  the  account,  and 
each  partner  credited  for  the  sum  paid  by  him ; 

I.  S'fi.  Acct.  in  Co.  Dr.  to  Sundries  in  full,  1000. 

To  B.  Ts.  Aoct.  in  Co.  paid  I.  S.  500. 

To  Cash  paid  by  the  manager,  500. 

The  manner  of  adjusting  the  accounts  and  finding  each 
partner's  share : 

6000—3=2000,  each  partner's  share  in  company. 
3000— 2000=  1000,  what  I.  S.  is  to  receive  from  partners. 
2000—1500=500,  what  B.  I.  is  to  pay. 
2000 — 1500=500,  what  manager  has  to  pay. 

The  foregoing  transaction  might  be  Journalized  after  the 
fallowing  manner  : 

Sundries  Dr.  to  Sundries. 

Adventure  in  Co.  for  my,  (manager's,)  1-3.  2000. 

I.  S's.  account  in  Co.  for  his  1-3.  2000. 

U.  I's  account  in  Co.  for  his  1-3.  2000. 


6000. 


To  Advetiture  in  Co.  advanced  by  me,  1500. 

To  T.  S's.  account  in  Co.  advanced  by  him,.  3000. 

To  B.  I's.  account  in  Co.  advanced  by  him,  1500. 


6000. 


Then,  to  adjust  the  accounts,  the  manager  has  but  to  sub- 
tract the  Dr.  side  of  I.  S's  account  in  Co.  from  the  Cr.  side 
and  he  will  find  what  partners  have  to  pay  him  ;  also,  to  sub- 
tract the  Cr.  side  of  adventure  in  Co.  and  of  B.  I's.  acct.  in 
Co.  from  the  Dr.  sides,  and  he  will  see  how  much  each  has  ta 
pay  I.  Sc 


I>EMONSTRATIONr- 


I.  s. 

Adven. 

B.L 

€r.  3000. 

I>r.  2000. 

Dr.  2000. 

Dr.  2000. 

Cr.  1500. 

Cr.  1/iOO. 

lOOQ.  500.  500. 


Suppose  you  shipped  ihe  above  ^oods,  value  six  thousand 
dollars,  in  company  with  I.  S.  and  B.  L  to  Madeira,  and  con- 
signed them  to  Francis  Alcara,  Merchant  there,  for  sales  and 
returns,  you  insured  them  at  the  Globe  Insurance  office,  at  a 
premium  of  5  per  cent,  to  cover  the  adventure.  In  due  time 
you  received  from  your  Factor  an  account  of  sales,  with  the 
value  of  the  net  proceeds,  amounting  to  12000.  a  statement  of 
the  whole  transaction,  until  the  accounts  are  finally  closed,  is 
required  ;  each  partner  having  advanced  his  proportion. 

Note.  When  you  shipped  the  goods,  you  debited  the  voy- 
age for  cost  and  charges,  and  credited  each  partner  for  his 
share  advanced,  and  mercliandize  for  your  share.  Next  cre- 
dit the  Insurance  Company  for  the  premium,  as  it  remains  un- 
paid, and  debit  voyage  for  that  sum.  With  regard  to  your 
Factor,  make  no  entry,  as  he  rertkitted  an  account  sales  with 
the  value  of  the  net  proceeds,  before  you  received  any  advice 
with  respect  to  the  fate  of  the  adventure.  Then  debit  cash, 
and  credit  voyage  for  net  proceeds.  Also  debit  voyage  and 
credit  commission  for  your  agency  in  the  business.  Then 
debit  Voyage  to  Madeira  to  Sundries,  for  the  close,  which  sum 
h  partners  gain ;  and  credit  each  of  them  for  his  share  thereof, 
and  profit  and  loss  for  your  share.  Finally  credit  Cash  for  the 
money  paid  partners,  which  is  their  stock  and  gain  ;  debit  each 
of  them  for  the  sura  paid  him. 

Voyage  to  Madeira,  in  Co.  Dr.  to  Sundries  6000. 

To  I.  S's.  act.  in  Co.  for  amt.  of  Goods  advanced      2000. 

To  B.  Ts.  act.  in  Co.  for  amt.  Goods  advanced     ^    200O, 

To  Merchandize  for  amt.  advanced  by  Manager     2000. 

When  you  paid  insurance, 

Voyage  to  Madeira  Dr.  to  Cash,  paid  Insurance,       300v 

When  you  receive  the  net  proceeds, 

Cash  Dr.  to  Voyage  to  Madeira  in  Co. 

Keceived  of  my  Factor,  Francis  Alcara,  for  net  pro- 
ceeds, 12000. 

Voyage  to  Madeira,  in  Co.  Dr.  to  Commission  for 
my  ageiacy;  at^2J  p^er  cent*,  on  12000.  30(>. 


3^2 


Closing  V'oyage  to  Madeira,  in  Co. 

Voyage  to  Madeira  in  Co.  Dr.  to  Sundries  for 
the  close  5400. 

Which  sum  is  partner's  gain. 

To  I.  S's.  act.  in  Co.  for  his  1-3.  gain  1800. 

To  B.  I's.  act.  in  Go.  for  his  1-3.  ditto.  1800. 

To  Profit  and   Loss  for  my  1-3  ditto.  1800. 

Closing  each  Partners  act.  in  Company, 

Sundries  Dr.  to  Cash  paid  partners  7600. 

I.  S's.  act.  in  Co.  paid  in  full  of  Stock  and  gain  on 
Voyage  to  Madeira  3800. 

B.  I's.  act,  in  Co.  paid  in  full  of  Stock  and  gain  on 
Voyage  to  Madeira  3800. 


LEDGER  DEMONSTRATION. 

VwcLgc  to  Madeira  in  Co.  nitii  I,  S.  and  B.  7.   1-3. 
Dr.    "^  Cr. 

To  Sundries  for  amt.  shipped  6000.     By  Cash  12000. 

To  Insurance  300. 

To  Commission  300. 

To  Sundries  for  partner's  gain  5400. 


12000. 


12000. 


Note.  Each  partner's  gain  is  found  by  subtracting  the  a- 
mount  of  the  Dr.  side  from  the  Cr.  side,  and  dividing  that  sum 
by  3,  equal  the  number  of  partners. 

12000-.:.6600=5400-j-3=l  800,  each  partner's  gain. 

Close  partner's  account  in  company. 

7.  5.  Account  in  Co,  for  1-3  Goods  Shipped  to  Madeira, 
Dr.  Cr. 

To  Cash  in  full  of  By  Voyage  to  Madeira, 


Stock  and  Gain,    3800. 


1-3  advanced,  2000. 

By  do.     do.     1-3  Gain,  1800. 


3800. 


3800. 


B.  7.  Account  in  Co,  for  1-3  Goods  Shipped  to  Madeira, 
Dr.  Cr. 

To  Cash  in  full  of  By  Voyage  to  Madeira, 

Stock  and  Gain,  3800.         1-3  advanced,  2000. 

By   do.    do.     1-3  Gain,  1800. 


3800. 


3800. 


33 

Note,  If  you  were  obliged  to  close  the  books  before  you 
received  the  proceeds  from  Francis  Alcara,  voyage  in  com- 
pany and  each  partner's  account  in  company  must  be  closed 
thus  : 

1.  Credit  the  Voyage — By  each  partner's  acct.  Co.  for  his 

1-3  remaining. 
By  balance  for  your,   manager's, 
1-3  remaining. 

2.  Debit  each  partner's  acct.  in  Co.  To  Voyage  to  Ma- 
deira, for  his  1-3  remaining. 

•  3.  Credit  each  of  them  in  the  next  Books  for  Stock  advan- 
ced ;  also,  for  his  share  of  net  proceeds,  when  received,  and 
debit  him  to  Cash  when  paid,  which  closes  the  account. 

Case  2. 

When  you  sell  goods  in  company,  value  four  thousand  dol- 
lars, to  B.  H.  and  receive  of  him  the  following  payments,  viz. 

Cash,  in  ready  money,  1000. 

An  Assignment  on  K.  L.  for  1000. 

The  remainder  in  90  days,  2000. 

Note.  The  things  received  are  Dr.  to  the  things  delivered 
in  return,  and  as  you  delivered  goods  in  Co.  with  — ,  and  re- 
ceived cash,  an  assignment  on  K.  L.  and  B.  H.  to  pay  in  90 
days  ;  therefore,  they  must  be  debited  each  for  its  value,  and 
merchandize  credited  for  the  amount  sold  ; 

Sundries  Dr.  to  Merchandize  in  Co.  with  — ,  4000. 

Cash,  received  in  ready  money,  1000. 

Bills  Receivable,  or  K.  L.  for  the  Assignment,  1000. 

B.  H.  to  pay  in  90  days,  2000. 

If  partners,  B.  H.  and  L.  D.  withdraw  their  shares  in  com- 
pany each  1-3,  the  whole  stock  being  twelve  thousand  dollars  ; 
Note.  It  is  evident  that  when  the  partners  entered  into 
company,  each  was  credited  for  his  share  advanced,  and  goods 
in  company  debited  for  the  amount  in  company,  in  order  to 
ascertain  the  gain  or  loss.  It  is  also  apparent  that  when  the 
stock  is  withdrawn,  the  partners  must  be  severally  debited 
for  his  part  taken  up,  and  adventure  in  company  credited  for 
the  whole,  to  close  it. 

Sundry  Accts.  Dr.  to  Goods,  or  adventure,  in  Co. 

withdrawn,  12000. 

B.  H's.  Acct.  in  Co.  for  his  share  withdrawn,  4000^ 

L.  D's.  Acct.  in  Co.  for  his  share  withdrawn,  4000. 

Merchandize  retained  by  manager  for  his  part,        4,000. 

I.  S.  has  sold  to  D.  K.  his  share  of  stock  in  company,  a- 
mounting  to  six  thousand  dollars ; 

F 


34 

Note,  When  I.  S.  advanced  or  bought  the  stock  in  com- 
pany, he  was  credited  for  its  amount :  upon  transferring  it,  he 
must  be  debited  for  the  transfer,  in  order  to  close  his  account, 
and  D.  K.  the  purchaser,  also,  credited  for  the  same  -, 

J.  S's.  Acct.  in  Co.  Dr.  to  B.  K's.  Acct.  in  Co.  6000. 

The  former  has  transferred  to  the  latter  his  stock  in  com- 
pany, amounting  to  six  thousand  dollars. 

When  goods  in  company  with  H.  H.  L.  D.  and  self,  are 
sold,  or  voyage  finished,  and  you  want  to  close  the  account, 
the  net  proceeds  amounts  to  twelve  thousand  dollars  ; 

Note,  When  the  company  was  instituted,  and  each  partner 
advanced  hiS  proportion  according  to  the  terms  of  co-partner- 
ship, the  goods  in  company  were  debited  with  the  collective 
amount  put  in,  with  all  other  charges,  and  each  partner  credit- 
ed by  the  manager  for  the  sales  or  returns  made :  now  they 
must  be  charged  with  the  gain,  which  closes  the  account,  and 
each  partner  credited  for  his  share  thereof ; 

Goods  in  Co.  with  B.  H.  and  L.  D.  Dr.  to  Sun- 
dries for  the  close,  12000. 

To  B.  H's.  Acct.  in  Co.  for  his  1-3  of  the  gain,       4000. 

To  L.  D'g.  Acct.  in  Co  for  his  1-3         do.  4000. 

To  Profit  and  Loss  for,  (manager's)  1  -3  do.  4000. 

But  if  a  loss  attended  the  sales — 

Sundries  Dr.  to  Goods  in  Co.  for  partner's  loss,      12000. 

B.  H's.  Acct.  in  Co.  for  his  share  of  the  loss,  4000. 

I..  D's.  Acct.  in  Co.  for  his  1-3     do.     do.  4000. 

Profit  and  Loss  for  my  share  do.  4000. 


Of  Company  Accounts. 

Such  as  you  are  obliged  to  keep  nhen  your  partner  is  manager. 

Case  1. 

If  you  give  in  exactly  your  share  in   Company,  suppose 

four  thousand  dollars, 

A.  B.  (manager)  my  acct.  in   Co.  Dr.  to   Cash 

advanced  4000. 

To  Bills  Payable,  if  your  note  is  received,  „ 

To  Bills  receivable,  if  another  note,  „ 

To  D.  L.  if  you  give  your  draft  on  him  and  it  is 

paid 

If  you  put  into  Company,  above  the  value  of  your  part, 

goods  amounting  to  one  thousand  dollars,  your  share  being 

four  thousand, 


an 

Note,  It  is  evident  that  your  acct.  in  Co.  with  manager,  is 
to  be  debited  for  your  share,  and  his  particulaV  account,  for 
what  you  overpaid,  and  that  merchandize  must  be  credit- 
ed for  the  whole  amount,  therefore,         ^ 

Sundries  Dr.  to  Merchandize  5000. 

A.  B.  (manager)  my  acct.  in  Co.  for  my  share  4000. 

A.  B.  (manager's)  particular  acct.  overpaid  1000. 

If  you  advance  your  partner's  share,  as  well  as  your  own, 
both  shares  being  eight  thousand  dollars,  either  in  money  or 
Goods, 

Sundries  Dr.  to  Merchandize,  or  to  Cash,  8000. 

A.  B.  my  acct.  in  Co.  for  my  share  advanced,  4000. 

A.  B.  for  his  share,  paid  by  me,  4000. 

If  your  partner  A.  B.  advances  your  share,  in  Company, 
which  is  four  thousand  dollars, 

Note.  Debit  your  acct.  in  Co.  with  partner,  for  your  share 
advanced  by  him,  and  credit  his  particular  acct.  for  the  isame 
sum. 

A.  B.  my  acct.  in  Co.  Dr.  to  A.  B.  for  my  share,  advanced 
by  him,  4000. 

N9te,  The  manager  will  debit  your  acct.  in  Co.  to  Mer- 
chandize, or  to  Cash,  for  your  share,  advanced  by  him. 

Case  2. 

If  you  receive  advice  of  the  goods  in  Co.  being  sold,  your 
share  of  Stock  and  gain  five  thousand  dollars  ;  capital  advanc- 
ed four  thousand. 

Note.  When  you  advanced  your  share  in  Company,  j^ou 
debited  A.  B.  my  acct.  in  Co.  for  the  sum  paid  in,  now,  upon 
receiving  an  account  Sales,  you  must  debit  partner's  particu- 
lar acct.  for  Stock  and  Gain,  and  credit  A.  B.  my  acct.  in  Co.  for 
that  amount ;  thus, 

A.  B.  (manager)  Dr.  to  A.  B.  my  acct.  in  Co.  for  my 
share,  5O00. 

Received  of  my  partner,  A.  B.  the  sum  of  five  thousand 
dollars,  being  my  capital  and  dividend.  ^ 

Note.  As  A.  B.  was  debited  for  this  sum,  when  you  re- 
ceived an  account  Sales,  now,  as  you  are  paid,  you  must  cre- 
dit him  for  the  same,  which  will  close  his  account,  .and  debit 
cash. 

Cash  Dr.  to  A.  B.  received  principal  and  dividend,  5000. 

If  you  receive  payment  of  your  principal  and  dividend  of 
A.  B.  when  the  goods  were  sold,  and  no  previous  entry  made 
with  respect  to  them, 

Note.    It  is  evident  that  your  acct.  with  Company,  which 


36 

"was  charged  before  with  principal,  when  put  into  Company, 
must  now  be  credited  for  your  stock  and  dividend,  in  order  to 
close  the  account  and  ascertain  the  gain  thereon,  and  Cash  re- 
ceived of  A.  B.  debited  for  that  amount. 

In  this  case  the  account  is  closed  to  Profit  and  Loss,  for 
gain  1000. 

Cash  Dr.  to  A.  B.  my  acct.  in  Co.  for  principal  and  divi- 
dend, 5000. 

If  only  a  state  of  the  accounts  is  laid  before  the  Company, 
but  no  dividend  made,  or  if  a  copy  of  the  account  is  transmitted 
to  you. 

Note,  Debit  the  manager  for  the  principal  and  dividend, 
and  credit  your  acct.  with  Co.  for  the  capital,  and  profit  and 
loss  for  the  dividend  ;  thus 

A.  B.  (manager)  Dr.  to  Sundries,  for  capital  and  divi- 
dend, 5000. 

To  A.  B.  my  acct.  in  Co.  for  capital  unpaid,  4000. 

To  Profit  and  Loss,  for  dividend  due  to  me,  1000. 

If  you  sustained  a  loss  of  one  thousand  dollars  on  the  adven- 
ture in  Company, 

Note,  It  is  evident,  in  this  instance,  that  you  cannot  charge 
your  partner,  A.  B.  for  the  loss,  which  you  could  if  th^re  was 
a  gain,  nor  any  real  account,  and  as  A.  B.  my  acct.  in  Co.  was 
charged  with  the  stock  of  4000.  advanced,  which  is  now  re- 
duced to  3000.  as  appears  by  the  sales  of  goods  in  Co.  there- 
fore, substitute  profit  and  loss,  and  debit  it  for  this  loss,  and 
credit  my  acct.  with  Co.  for  the  same,  which  will  close  it 
when  you  receive  your  stock  of  A.  B.  thus. 

Profit  and  Loss,  Dr.  to  A.  B.  my  acct,  in  Co.  for  my 
loSs,  1000. 

If  a  dividend  is  made  of  the  profits,  and  the  capital  continu- 
ed, and  that  each  partner  received  his  part. 

Note,  As  you  received  your  dividend  in  money,  you 
must  debit  Cash,  and  credit  profit  and  loss  for  the  amt.  For 
the  Cash  received  is  Dr.  to  the  gain  delivered. 

Cash  Dr.  to  Profit  and  Loss,  for  dividend  received,  1000. 

If  a  dividend  is  made  of  the  profits,  of  one  thousond  dollars, 
and  the  capital  withdrawn, 

Note,  As  the  capital  and  dividend  were  paid  you  by  A.  B. 
(the  manager)  in  money,  it  is  apparent  that  cash  must  be  debit- 
ed for  the  whole  amount,  and  A.  B.  my  acct.  in  Co.  credited 
for  the  Stock  advanced,  as  it  is  now  received,  and  profit  and 
loss  for  the  interest,  in  order  to  close  the  former  and  ascertain 
the  gain  on  the  latter. 


t. 


37 


Cash  Dr.  to  Sundries,  received  of  A.  B.  principal  and  divi- 
dend, 5000. 

To  A..  B.  my  acct.  in  Co.  for  capital  withdra^vn       400;?. 

To   Profit  and  Loss,  for  inter<:st,  or  dividend  re- 
ceived, 1000. 

1.  Debit  Cash,  to  Sundries,  received  of  A.  B.  Stock  and 
Gain,  5000. 

2.  Credit  A.  B.  my  acct.  in  Co.  By  Cash  for  capital 
withdrawn  4000. 

3.  Credit  Profit  and  Loss,  By  Cash,  received  of  A.  B. 
dividend,  1000. 


Correcting  Errors  in  the   Waste  Book 
and  Journal. 

Which  are  of  six  kindSf  and  may  be  corrected  as  follows  : 

1 .  A  whole  post  or  entry  may  be  omitted,  which  is  correct- 
ed by  writing  it  in  a  different  place,  with  a  reference  to  its 
proper  place. 

2.  Some  vvrords  may  be  omitted,  which  can  be  supplied  by 
interlinii|  them,  or  writing  them  in  the  margin. 

3.  A  whole  entry  may  be  repeated,  which  can  be  correct- 
ed by  cancelling,  or  crossing  the  superfluous  part. 

4.  If  a  word  or  sentence  is  repeated,  cancel  what  is  super- 
Hiious. 

3o  If  a  Misnomer,  or  wrong  name,  is  entered,  either  erase  or 
cross  it  with  two  lines  intersecting  each  other,  and  put  the  true 
one  at  the  top. 

6.  If  the  sum  in  any  addition  is  wrong,  or  short  extended, 
-cancel  the  false  sum,  and  mark  it  right. 


To  correct  Errors  in  the  Ledger. 

1.  When  an  article  is  quite  omitted,  it  is  to  be  corrected  by- 
writing  it  on  the  proper  side  of  the  account,  but  not  to  crowd 
it  in  between  two  articles,  where  it  should  have  stood  ;  write 
it  after  the  last  article.  And  though  it  stands  out  of  its  place, 
as  the  date  will  shew,  that  will  plainly  appear  to  have  been  an 
omission. 


d 


38 


2.  When  an  article  is  placed  or  entered  upon  an  account  to 
which  it  does  not  belong,  it  is  to  be  corrected  by  placing  the 
same  article  or  sum  on  the  opposite  side ;  thus — To  or  By- 
Error,  naming 'the  account  to  which  it  is  made  debtor  or  cre- 
ditor, on  f  he  other  side  and  date. 

3.  When  an  article  is  placed  upon  the  right  account,  but 
upon  the  wrong  side,  it  is  corrected  by  entering  it  twice  on 
the  opposite  side ;  once,  to  place  what  ought  to  be  on  that 
side  ;  again,  to  balance  or  extinguish  what  is  wrong  on  the 
other  side  ;  thus — To  or  By  Error  for  the  false  charge  or  en- 
try. To  or  By  Cash,  &c.  for  the  true  charge. 

Errors  might  happen  after  the  following  manner. 

1.  By  the  entire  omission  of  an  article. 

2.  By  twice  posting  an  article. 

3.  By  debiting  or  crediting  a  wrong  account. 

4.  By  carrying  the  credit  to  the  debit  side. 
b.  By  carrying  the  debit  to  the  credit  side. 

6.  By  carrying  an  article  to  two  debit  or  credit  sides. 
7    By  the  omission  of  a  debit  or  credit. 
8.  By  committing  a  mistake  in  the  sum. 


Of  the  Balance  of  the  Ledger. 

Before  the  Balance  of  the  Ledger  is  attempted,  you  oui^ht 
to  be  convinced  that  there  is  no  error  therein  that  may  hinder 
it.  Though  care  may  prevent  errors,  yet  some  mistakes  may 
escape  the  most  careful  and  expert;  it  is  necessary  to  find  out 
where  those  errors  lie,  and  also  to  correct  them  when  found 
out. 

In  discovering  errors,  two  methods  have  been  heretofore 
used. 

1.  To  prick  or  point-the  Books. 

2.  To  make  a  trial  balance. 


How  to  point  or  prick  the  Books. 

Every  week,  or  as  often  as  convenient,  compare  what  is 
posted  of  the  Journal  with  the  Waste- BooK>  to  see  if  the  arti- 
cles be  truly  transferred,  the  sums  correctly  added,  and  the 


39 

calculations  properly  performed.  If  you  find  an  error,  rectify 
it  immediately,  before  you  proceed  to  another  article. 

The  corrections  ought  to  be  made  on  the  article  itself,  if 
possible ;  iftnot,  refer  it  to  the  first  vacant  place,  where  a  new 
article  is  to  be  formed,  explaining  the  mistake,  and  true  state 
of  the  affair. 

If  you  find  an  error  in  the  article,  or  have  corrected  what 
was  found  wrong,  set  a  dash  or  point  ( . )  to  the  left  of  the  re- 
ferring figure  in  the  margin  of  the  Waste-Book,  to  put  you  in 
mind  that  this  article  was  examined  and  truly  journalized. 
Continue  to  do  the  same  through  the  whole  of  the  Waste-Book 
and  Journal. 

When  you  find  the  articles  accurately  journalized,  and  the 
postings  truly  made,  prefix  a  dot,  or  point,  ( .  )  ^^  ^^^  referring 
figures  in  the  margin  of  the  Journal,  which  denotes  that  the 
transaction  is  now  correct,  and  the  posting  truly  performed. 

You  must  also  carefully  compare  every  other  Book  subser- 
vient to  the  Ledger.  ^ 


Of  the  Trial  Balance. 

Notwithstanding  the  greatest  care  is  used  in  pointing  the 
Books,  efpue  errors  may  escape  notice,  which  may  even  affect 
the  Balance  of  the  Books,  and  give  the  book-keeper  no  small 
trouble,  unless  he  makes  a  new  Balance,  before  he  begins  a 
regular  Balance.     It  is  performed  thus: 

On  a  separate  paper  add  up  the  Dr.  side  as  also  the  Cr.  side 
of  every  account  in  the  Ledger,  in  so  many  distinct  sums. 
Next,  add  up  all  these  suits  ;  if  the  two  last  totals  agree—rthat 
is,  if  the  sum  of  all  the  debits  be  equal  to  the  sum  of  all  the 
credits,  there  is  no  error  in  the  Ledger  to  hinder  the  balance  or 
closing  of  the  BookiT.  If  they  are  not  equal,  the  Books  can- 
not be  brought  to  a  balance  until  the  error  is  discovered, 
which  is  often  a  laborious  performance. 


Of  the  General  Balance 

OV    THE    WHOLE    LEDGER,    IN    ORDER    TO    TRANSFER    THE 
SAME    INTO    NEW    BOOKS. 

For  this  purpose,  prepare  two  sheets  of  paper,  ruled  with 
money  columns,  for  dollars  and  cents,  in  the  form  of  Dr.  and 


49 

Cr.  Write  Profif  and  Loss  as  the  title  of  one,  and  Balance  as 
the  title  of  the  other.  -  Ad^l  up  l)oih  sides  of  all  tUv  accounts 
in  the  TiedgfM?^)eginnii(g  firsi  with  Cash,  and  the  rt  st  in  order ; 
omitting  the  accounts  of  Stock,  Profit  and  Loss,  •nd  Balance, 
to  the  last.  Subtract  the  lesser  from  the  greater,  place  the 
difference  on  one  of  the  sheets :  if  the  difference  appears  on  a 
real  account  to  be  a  gain — that  is,  when  the  Cr.  exceeds  the 
Dr.  place  it  on  thp  Cr.  side  of  the  Profit  and  Loss  sheet ;  but 
if  a  loss — that  is,  when  the  Dr.  exceeds  the  Cr.  enter  it  on  the 
Dr.  side. 

If  it  be  a  personal  account,  and  a  debt  due  to  you — that  is, 
when  the  Dr.  exceeds  the  Cr.  enter  that  difference  on  the  Dr. 
side  of  the  Balance  sheet.  If  it  be  a  debt  due  of  you — that  is, 
when  the  Cr.  exceeds  the  Dr.  plaoe  that  difference  on  the  Cr. 
side  of  Balance. 

All  accounts  are  balanced  or  closed  either  by  Balance  or  by 
Profit  and  Loss,  except  accounts  in  company,  which  are 
bs^kriced  by  goods  in  partnership  for  partner's  gain,  or  to 
those  goods  for  his  loss — that  is,  in  closing  an  account  of 
goods  in  company,  between  A.  B.  L  S.  and  self,  each  1-3,  we 
suppose  the  Cr.  exceeds  the  Dr.  side  three  thousand  dollars, 
which  is  the  company's  gain — close  it  thus  : 

EXEMPLIFICATION. 

Goods  in  Co.  with  A.  B.  I.  S.  and  self,  each  1-3,^ 

Dr.  to  Sundries,  3000. 

To  A.  B's.  Acct.  in  Co.  for  his  1-3  gain,  1000. 

To  I.  S's.  Acct.  in  Co.  for  his  1-3  gain,  1000. 

To  Profit  and  Loss  for  my,  (manager's)  1-3  gain,     1000. 

Note.  The  manager  will  tran^r  his  share  of  gain  to  the 
credit  side  of  Profit  and  Loss,  and  each  oartner's  share  to  the 
credit  side  of  his  acc<nmt  in  company,  and  is  a  balance  due  of 
the  manager.  It  is  plain  in  this  instance,  that  goods  in  com- 
pany are  balanced  or  closed  with  a  gain. 

If  the  goods  in  company  are  sold  with  a  loss ; 
^    Sundries  Dr.  to  Goods  in  Co.  for  partner's  loss,       3000. 

A.  B's.  Acct.  in  Co.  for  his  1-3  loss,  1000. 

L  S's.  Acct.  in  Co.  for  his  1-3  loss,  1000. 

Profit  and  Loss  for  my,  (manager's)  1-3  loss,  1000. 

Note,  The  manager  will  transfer  his  share  of  loss  to  Dr. 
side  of  Profit  and  loss,  and  each  partner's  share  to  the  debit  of 
his  account  in  company,  and  is  a  balance  due  to  the  manager, 
if  he  has  advanced  the  value  of  the  goods  in  company:  thus, 
goods  in  company  are  balanced  or  closed  with  a  loss. 


41 

Real  Accounts* 

Cash  Account,  suppose  the  Dr.  exceeds  the  Cr.      lOOOO. 

1.  Credit  the  account,  By  Balance  remaining  in 

hands,  10000. 

2.  Debit  Balance,  To  Cash  for  ready  money  in 

hand,  '         10000. 

Note,  The  Cr.  can  never  exceed  the  Dr.  side  of  Cash,  for 
this  reason,  that  you  cannot  pay  more  money  than  you  possess. 
If  the  Dr.  and  Cr.  sides  are  equal,  you  have  no  money  in 
your  possession. 

If  it  be  of  Goods  or  Brandy,  which  was  all  sold  with  a  gain 
of  eight  hundred  dollars — that  is,  when  the  Cr.  exceeds  the 
Dr.  side ; 

1.  Debit  Brandy,  To  Profit  and  Loss  gained,  800. 

2.  Credit  Profit  and  Loss,  By  Brandy  gained,  800. 
If  the  Brandy  was  sold  with  a  loss  of  eight  hundred  dollars, 

or  that  the  Dr.  exceeds  Cr.  in  that  sum  ; 

1.  Credit  Brandy,  By  Profit  and  Loss  lost,  800. 

2.  Debit  Profit  and  Loss,  To  Brandy  lost  thereby,    800. 
If  it  be  of  Goods  or  Brandy,  part  sold  and  a  part  unsold, 

with  loss ; 

1.  Transfer  the  quantity  of  goods  unsold  frosn  the  inner 
columns  of  the  Dr.  side,  to  the  inner  columns  of  the  Cr. 

2.  Value  the  goods  at  the  price  they  cost  you,  and  place 
the  amount  in  the  money  columns  of  the  Cr.  side. 

3.  Close  the  account,  By  Balance  for  amount  of  Goods 
unsold.  * 

4.  Add  up  both  sides — if  the  Dr.  exceeds  the  Cr.  close  it. 
By  Profit  and  Loss  lost  f»r,  the  difference.  If  the  Cr.  exceeds 
the  Dr.  To  Profit  and  Loss  gained. 

With  a  loss  on  the  part  sold  when  the  Dr.  exceeds  the  Cr. 
side ; 

Suppose  you  sold  a  quantity  of  brandy,  with  a  loss  of  five 
hundred  dollars,  and  that  fifty  Hhds.  remain  unsold,  contain- 
ing five  thousand  gallons,  at  2.  per  gallon,  is  10000. 

1.  Credit  Brandy,  By  balance  unsold,  50  Hhds. 

5000  gall,  at  2.  10000. 

2.  Credit  Brandy,  By  Profit  and  Loss  lost,  500. 

3.  Debit  Balance,     To   Brandy  for  50  Hhds. 

5000  gall,  at  2.  10000. 

4.  Debit  Profit  and  Loss,  To  Brandy  lost  thereby,    500. 


42 

If  there  was  a  gain  of  five  hundred  dollars  on  the  part  sold, 
and  that  fifty  Hhds.  remained  unsold ; 

1.  Credit  Brandy,  By  Balance  unsold,  50  Hhds. 

5000  gall,  at  2.  10000. 

2.  Debit  Brandy,  To  Profit  and  Loss  gained,  500. 

3.  Debit   Balance,    To  Brandy   for   50   Hhds, 

5000  gall,  at  2.  10000. 

4.  Credit  Profit  and  Loss,  By  Brandy  gained  thereby,  500. 
When  none  of  the  goods  are  sold  ; 

Suppose  you  bought  three  hundred  yards  of  broad  cloth,  at 
three  dollars  per  yard,  value  nine  hundred  dollars,  and  that 
you  was  closing  the  books  before  you  sold  any  of  it; 

1.  Credit  B.  Cloth,   By  balance  for  amt.  Dr.  side,     900. 

2.  Debit  Balance,  To  Broad  Cloth  unsold,  300  yds. 

at  3.  900. 

If  you  keep  a  General  Account  of  Merchandize,  close  it. 
By  Balance  for  amount  of  Goods  remaining  on  hand,  as  per 
Inventory  taken  this  day,  valuing  them  at  prime  cost ;  then  add 
up  both  sides,  if  the  Cr.  exceeds  the  Dr.  close  it.  To  Profit 
and  Loss  for,  the  difference,  which  is  your  gain ;  if  the  Dr. 
exceeds  the  Cr.  By  Profit  and  Loss  for  the  deficiency  ;  for 
Merchandize,  as  well  as  all  other  real  accounts,  is  charged 
with  the  amount  of  all  Invoices  received,  and  credited  for 
the  sales  ;  consequently,  if  the  Cr.  exceeds  the  Dr.  there  is  a 
gain — if  the  Dr.  the  Cr.  a  loss  on  the  sale  of  the  goods. 

Upon  taking  an  Inventory,  the  value  of  the  goods  remain- 
ing in  the  store,  unsold,  amounts  to  25000. 

The  Gain  on  the  sales  since  the  last  Books  were 

closed  is  ^  10000. 

Close  the  Account ;  , 

1.  By  Balance  for  amt.  Goods  remaining  unsold,  25000. 

2.  To  Profit  and  Loss  gained  on  the  sales,  10000. 
To  transfer  this  to  the  Balance  and  Profit  and  Loss  sheets  ; 

1.  Debit  Balance,  To  Merchandize  for  amount 

Goods  unsold,  25000. 

2.  Credit  Profit  and  Loss,  By  Merchandize  gain- , 

ed  thereby,  10000. 

If  there  is  a  loss  of  fifteen  hundred  dollars  on  the  sale  of  the 
goods,  close  it  thus  : 

1.  By  Balance  for  amount  remaining  unsold,         25000. 

2.  By  Profit  and  Loss  lost  by  the  sales,  1500. 
To  transfer  the  above  to  the  Balance  and  Profit  and  Loss 

sheets. 

1.  Debit  Balance,  To  Merchandize  unsold,*  25000. 

2.  Debit  Profit  and  Loss,  To  Merchandize  lost 

thereby,  1500. 


4'^ 

Personal  Accounts. 

2iote.  The  Dr.  side  of  Personal  Accounts  contains  the 
the  charges  against  you ;  the  Cr.  side  the  payments  you  make 
towards  discharging  the  debt ;  consequently,  if  the  Dr.  ex- 
ceeds the  Cr.  you  are  indebted  to  the  account ;  if  the  Cr.  ex- 
ceeds the  Dr.  the  account  is  indebted  to  you  for  the  dif- 
ference. 

When  the  Dr.  exceeds  the  Cr.  side  ; 

IfA.  B.  be  indebted  to  you  one  thousand  dollars,  close 
the  account  thus : 

1.  Credit  A.  B.  By  Balance  due  of  him,  1000. 

2.  Debit  Balance  Acct.  To  A.  B.  due  to  me,  1000. 
When  the  Cr.  exceeds  the  Dr.  or  when  you  are  indebted 

to  him  ; 

1.  Debit  A.  B.  To  Balance  due  to  him,  1000. 

2.  Credit  Balance  Acct.  By  A.  B.  due  of  me,  1000. 


Imaginary  or  Fictitious  Accounts. 

The  accounts  of  House  Expenses,  charges  of  Merchandize, 
Personal  Expenses,  contingent  expenses,  &c.  are  closed  by- 
Profit  and  Loss  lost. 

If  the  amount  of  your  House  Expenses  be  two  thousand 
dollars  at  closing  the  books,  close  it  thus : 

1 .  Credit  House  Expenses,  By  Profit  and  Loss  expended  in 
my  family,  2000. 

2..  Debit  Profit  and  Loss,  To  House  Expenses,  ex- 
pended, 2000. 

Interest  Account  contains,  on  the  Dr.  side,  all  the  Interest 
you  paid,  and  on  the  Cr.  side  all  that  you  received.  If  the 
Dr.  exceeds  the  Cr.  close  it,  By  Profit  and  Loss  for  the  dif- 
ference ;  if  the  Cr.  is  heavier.  To  Profit  and  Loss  for  the 
gain. 

If  closed  with  a  loss  of  seventy-five  dollars,  when  the  Dr. 
exceeds  the  Cr. 

1.  Credit  Interest,  By  Profit  and  Loss  lost,  75. 

2.  Debit  Profit  and  Loss,  To  Itnerest  lost  thereby,    75. 

Commission  contains,  on  the  Cr.  side,  all  that  you  have  gain- 
ed by  your  agency  in  the  purchase  and  sale  of  goods  for 
others.  The  Dr.  side  is  always  empty,  except  you  make  an 
abatement  to  your  employer  on  the  sales  of  his  goods.     The. 


44 

account  is  closed.  To  Profit  and  Loss  for  your  gain,  say  fif- 
teen hundred  dollars ; 

1,  Debit  Commission,  To  profit  and  Loss  gained,  1500. 

2.  Credit  Profit  and  Loss,  By  Commission     do.       1500. 
If  you  make  an  abatement  of  twenty  dollars  to  A.  B.  on  the 

sales  of  his  goods,  for  commission  ; 

Commission  Dr.  to  Sales  A.B.  if  open — if  not,  to  A.B.  20. 

1.  Debit  Commission,  To  Sales  A.  B.  abated  him,      20. 

2.  Credit  Sales  A.B.  By  Commission  for  abatement,     20. 
Profit  and  Loss  contains,  on  the  Dr.  side,  all  your  loss,  and 

on  the  Cr.  side,  all  your  gain. 

Suppose  the  Books  are  closed  with  a  gain  of  ten  thousand 
dollars ; 

Profit  and  Loss  Dr.  to  Stock  for  my  gain  ; 

} .  Debit  Profit  and  Loss,  To  Stock  for  my  gain 

on  trade,  .  10000. 

2.  Credit  Stock,  By  Profit  and  I^oss  gained  by 

trade,  10000. 

If  the  Books  be  closed  with  a  loss  often  thousand  dollars,* 

Stock  Dr.  to  profit  and  loss  for  my  loss  on  trade. 

1.  Debit  Stock,  to  Profit  and  Loss,  lost  by  trade,  IpOOO. 

2.  Credit  Profit  and  Loss,  By  Stock  for  my  loss,     10000. 
Balance  Account,  contains  on  the  Dr.  side  all  the  money 

you  have  in  hands  at  closing  the  Books,  with  the  rest  of  your 
real  property,  with  the  debts  due  to  you  ;  the  Cr.  side  con- 
tains the  debts  due  of  you. 

At  closing  the  Books,  the  debtor  side  of  Balance  exceeds 
the  Credit  side,  say,  twenty  thousand  dollars, 

Stock  Dr.  to  Balance  for  my  net  Estate, 

1.  Debit  Stock,  to  Balance  for  my  net  Stock,  20000. 

2.  Credit  Balance  by  Stock,  for  my  net  property,  20000. 
If  the  credit  side  of    Balance    exceeds  the  debtor  side, 

twenty  thousand  dollars, 

Balance  Dr.  to  Stock  tor  my  Insolvency, 

1.  Debit  Balance,  to  Stock  for  failure  in  business  20000. 

2.  Credit  Stock,  by  Balance  for  my  Insolvency      20000. 
Stock  Account,  contains  on  the  debtor  side,  at  opening  the 

Books,  all  the  debts  due  of  you,  if  any,  and  on  the  Cr.  side  all 
your  real  property,  with  the  debts  due  to  you,  both  sides  being 
debited  and  credited  according  to  the  inventory.  At  closing 
the  Books,  in  addition  to  the  above,  it  contains  on  the  debtor 
side  your  net  estate,  or  as  much  as  the  Dr.  side  of  Balance  ex- 
ceeds the  Cr.  side,  for  then  Balance  is  closed  by  stock  for  ne*t 
^i^pital,  which  sum  is  placed  on   the  Dr.  side  of  this  account, 

thU5, 

To  Balance,  for  my  not  capital,  20000. 


45 

Itcontains,  also,  on  the  Dr.  side,  all  your  losses  on  tra.de, 
if  any,  for  then  the  Dr.  side  of  profit  and  loss  exceeds  the  cre- 
dit side,  and  is  closed  by  Stock  for  my  loss  on  trade, 
say,  '  10000. 

Which  sum  is  placed  on  the  Dr.  side  of  stock,  thus, 

To  Profit  and  Loss,  for  my  Id^s  on  trade,  10000. 

It  contains,  on  the  credit  side,  your  Insolvency,  if  you  be- 
come insolvent,  or  as  much  as  the  credit  side  of  Balance  ex- 
ceeds the  debit  side,  for  then  Balance  is  closed  to  stock  for  my 
insolvency,  that  sum  is  transferred  to  the  Cr.  side  of  Stock, 
thus, 

By  Balance  for  my  insolvency,  say,  20000. 

It  likewise  contains,  on  the  credit  side,  j'our  gain  on  trade, 
for  then  the  credit  side,  of  profit  and  loss,  exceeds  the  debtor 
side,  and  is  closed  to  s'ock  for  gain  on  trade,  which  sum  or 
difference  is  placed  on  the  credit  side  of  stock,  thus, 

By  Profit  and  Los^  for  my  gain  on  trade  this  year,  10000. 

All  the  accounts  in  the  Ledger,  Avith  the  excv'^ption  of  the 
three  last,  being  now  closed,  and  their  several  differences 
placed  on  the  proper  side  of  the  profit  and  loss,  and  balance 
sheets,  add  up  these  two  accounts,  and  close  them  agreeably 
fo  the  above  directions  ;  transfer  their  differences  to  the  pro- 
per side  of  the  stock  account,  as  directed  above,  which  will 
balance  or  close  itself,  if  the  books  be  right. 

Note. — The  dot,  or  point,  (.)  placed  on  the  left  hand  of  any 
number  denotes  so  many  cents,  as  .€3  with  the  point  to  the 
left  is  63  cents,  but  placed  to  the  right  hand  is  63.  dollar's ;  and 
placed  between  any  two  numbers  denotes  dollars  and  cents,  as 
63.63  is  sixty-three  dollars  and  sixty-three  cents.  And  thus 
of  any  other  number  or  numbers. 

All  calculations  are  performed  in  the  currency  of  the 
United  States. 


THE 

FIRST  SET  OP  BOOKS. 

WASTE  BOOK,  A.  or  No.   1. 

THE  PROPERTY  OF  A.  B, 

©f  JI3ettJ=po?lt, 

JANUARY  \st.   1817. 


■Ji; 


[I] 


New-York,  January  1.  1817. 


Inventory  of  my  whole  property,  consisting  of 
Money,  Goods  and  Debts,  belonging  to  me,  A.  B. 
of  New- York. 

4  have  in  ready  money  ^ 

•12  Hhds.  Tobacco,  nt.  wt.  12?cwt.  3qr6.  141b.  at 

12.75  per  cwt. 
T20  Pieces  Linen,  5000yds.  at      .42  per  yd. 
6       do.     Duroy  180yds.  at         .88      do. 
16     do.     Fine  Muslin  11.50  per  piece 

10     do.     Broad  Cloth,  200yds.  2.50  per  yd. 
20  Hhds.  Wine,  N50  trallons,     1.25  per  gallon 
10  Barrels  Brandy,  320  do.        1.40         do. 

Bills  Recievable  for  the  following  Bills  due  to  me. 

No 


650  45 
475.75 
600.00 


44.  On  Dalton  &  Co.  due  March  28. 
„    16.  Oil  Moses  Rogrrs,  due  Feb.  3. 
„  ,203.  On  William  Raymond 

Israel  Johnson  owes  me 


I  am  indebted  as  follows,  viz. 

To  William  Shellard,  on  demand 
To  Joseph  Otis 
To  Samuel  Hay 

Bills  Payable,  for  the  following  Bills  accepted  by 
me. 

No,       Drawn  by 

56.  James  Gabbet,  due  Feb.  3.  for  1456.75 

1 4.  William  Archer,  due  March  30.  800.00 

37.  Thomas  Shaw  648.25 

48.  John  Bradshaw  244.75 


12976 

1630 

2100 

158 

184 

500 

1^12 

448 


1726 

475 


22010 


1587 

3000 

756 


3149 


8492 


00 


49 


New- York,  January  1.  1817. 


[2] 


fiote. — ^1.  The  first  thing  that  a  Merchant  begins  trade 
with  is  his  stock ;  and  the  first  thing  that  he  opens 
his  Books  with,  is  the  inventory  of  ftiat  Stock, 
togetker  with  his  ready  money,  and  debts,  owing 
to  and  by  him. 

2.  The  Inventory  being  first  placed  in  the  Waste 

Book,  as  above,  you  must  next  open  the  Journal 
with  the  same,  and,  there,  first  make  Sundry  Ac 
counts.  Dr.  to  Stock,  22010.76,  being  the  whole 
amount  of  the  first  part  of  the  Inventory,  (i.  e 
Credit  Stock,  and  debit  each  particular  account  to 
Stock,  for  their  respective  sums  annexed. 

3.  Then  for  the  several  sums  you  owe,  debit  Stock 

to  Sundry  Accounts  8492.76,  being  the  amount 
of  the  second  part  of  the  Inventory,  and  then 
credit  each  man,  as  well  as  Bills  Payable,  by 
Stock,  for  what  you  owe  him.    This  is  Journaliz 
ing. 

4.  The  several  figures  prefixed,  in  the  margin,  to  each 

particular  article,  refer  to  the  Journal  pages,  the 

above  Inventory  being  Journalized  in  pages  1. 

and  2. 

2 


Bought  10  Hhds.  Wine,  ilOO  galls.,  at  1.45   per 
gallon,  for  ready  money. 

Note. — The  thing  received  is  always  Dr.  to  the  thing 
delivered  for  it;  and  as  you  received  wine,  for 
which  you  paid  money,  therefore,  debit  wine  for 
its  quantity  and  value,  and  credit  Cash  for  the 
same  amount. 
4 


Sold  2  Hhds.  Wine,    220  galls,  at   1.75  per  gal- 
lon, for  ready  money, 
Note. — For  the  reason,  last  mentioned,  you  must  debit 
Cash  for  the  sum  received,  and  credit  wine  for 
its  quantity,  and  value  delivered. 
6 ■' 


Bought  of  Joseph  Selden,  600yds.  of  Shalloon,  at 
.30  per  yd. 

Note. — The  article  received  is  Dr.  to  the  person  from 
whom  you  receive  it,  when  nothing  is  ^veu  in  re- 
turn ;  therefore,  as  the  goods  were  bought  on  time, 
you  must  debit  Shalloon  for  its  value,  and  credit 
Joseph  Selden  for  the  same  amount. 


II 


1595 


od 


385 


00 


180 


00 


so 


in 


New-Yorky  January  7.  1ft  17. 


Bought  of* the  Phoenix  Company,  at  6  months, 


12?  Box-es  Candles,  at  4  75 
95     d(\.  •  Soap  5.60 


603.25 
^22.50 


J{otc. — For  the  preceding  reason,  last  given,  debit 
Chandlery /or  the  value  of  the  Soap  and  Candles, 
and  credit  \he  Phoenix  Company  for  the  like 
Bum. 


Received  of  Israel  Johnson,  in  full, 

^ote. — As  Johnson  was  charged  with  the  money,  when 
the  debt  was  first   contracted,  therefore,  as   it  is 
now  discharged,  debit  Cash,  and  credit  him  for 
the  payment  made. 
9 


Bartered   10  Hhds.  of   Wine,  1100   gallons,   at 

1.75  per  gallon,  for  the  following  goods  of 

the  same  value,  viz. 

40bbls.  Brandy,  1280galls.  at  1.25  per      1600.00 

20  Pieces  Broad  Checks,  at  16.25,,  piece  325.00 


JSfote. — As  the  goods  received,  are  Dr.  to  the  goods 
delivered,  therefore  debit  Brandy  and  Checks,  for 
their  respective  qnt.  and  value,  and  credit  wine 
for  the  whole  amount. 

1 0 —    .--■'-■ 


Sold  Israel  Johnson  600yds.  of  Shalloon,  at  .40 

per  yard 
Received  in  part  15000 

The  remainder  to  be  paid  in  3  months  90.00 

Jsfote. — Whatever  is  received  is  Dr.  to  whatever  is 
given  in  return.  As  you  delivered  the  Shalloon 
to  I.  Johnson,  and  received  part  money,  and 
that  he  is  answerable  for  the  remainder  in  three 
months,  therefore,  debit  cash  for  the  sum  paid 
you,  debit  Johnson  for  what  remains  due,  credit 
Shalloon  for  the  whole  amount. 


Paid  Samuel  Hay,  in  full, 

Note. — As  Samuel  Hay  was  credited  in  your  books  for 
this  sum,  when  you  became  indebted  to  him, 
now,  as  he  Is  paid,  debit  him,  and  credit  cash  for 
the  amount. 


1125 


75 


4T5 


00 


1925 


00 


240 


00 


7o6 


00 


]feiv-York,  January  11.  18 IT 


[4.] 


Paid  Joseph  Otis,  in  full  of  his  account 

Note. — Debit  J.  Otis  for  the  sum  paid,  and  credit  cash. 

14 


Sold  Samuel  Hay  the  following  goods,  viz. 

16  Pieces  fine  Muslin,  at  .12  per  piece        19v^00 

6      do.     Duroy,  180yds.  1.  per  yd.  180.00 


Received  part  in  cash  100.00 

Bills  on  Dalton  and  Co.  No.  247,   due 

April  6.  for  200.00 
The  remainder^  two  months  72.00 
Note. — As  there  are  sundry  goods  delivered,  and  sun- 
dry payments  received,  and  that  Hay  is  Dr.  to 
the  goods  delivered  him,  and  Cr.  by  what  he  gave 
in  return  ;  therefore,  1.  Debit  him  for  the  whole 
amount  of  the  goods.,  2.  Credit  Muslin  and 
Duroy,  for  their  respective  quantities  and  values. 
3.  Credit  Samuel  Hay  for  the  payments  made, 
(i.  e.)  the  value  of  the  money  and  Bill.  4.  Debit 
Cash  and  Bills  receivable  for  their  several  a- 
mouQts. 
16 


Drawn  on  Israel  Johnson,  for  the  balance  of  his 
account,  who  remitted  me  his  bill,  at  three 
months,  for 

Note. — On  the  10th  inst.  I.  Johnson  was  charged  with 
the  amount  of  his  remittance,  and  as  you  are 
paid  by  this  means,  and  have  an  account  of  Bills 
opened  in  the  books,  therefore,  debit  Bills  Re- 
ceivable, and  credit  Johnson  for  the  value  of  the 
Bill  remitted,  which  will  close  or  balance  his  ac- 
count. 

ir 


Bought  of  William  Shellard,  at  three  months,  fifty 

firkins  of  butter  ,  at  the  following  prices: 
20  Firkins,  at  8.75  per.  .  1 65. 00 

20         „  9.50  190.00 

10         ,,         10.75  107.50 


Note. — Whatever  is  rei^eived  is  Dr.  to  the  person  from 
whom  you  recive  it,  when  nothing  is  giv  en  in  re- 
turn, therefore,  as  you  bought  the  butter  o  n  credit 
debit  it  for  its   quantity  and  value,   and   credit 

*      William  Shellard  for  the  same  amount. 


3000 


00 


372 


00 


90 


00 


462 


50 


52 


[5] 


New-York,  January  18.  1817 


Shipped  on  board  the  Columbia  Capt.  Thorn, 
for  Hamburgh,  tlie  following  goods,  consign- 
ed to  Moses  Martin,  to  sell  for  my  account, 
viz. 


60  Hhds.  Spirits,  containing  67^0  gallons, 
bought  of  Joseph  Selden,  at  3  months, 


at  1.  per  gallon, 


6750.00 


10  Hhds.  Tobacco,  ntwt.  lOOcwt.  at  12.75 


per  cwt. 
Paid  charges  on  the  same 


1275.00 
200  00 


Paid  the  Globe  Insurance  Company,  for  in- 
suring 8525.  on  the  above  voyage,  at 
5.  per  cent,  426.25 


Note. — Upon  shipping  goods,  the  voyage  must  be 
charged  with  all  the  costs  and  charges  attending 
the  same  ;  and,  as  part  of  the  cargo  was  purchased 
at  3  months,  part  charged  before  in  your  books, 
which  must  now  be  discharged,  and  money  paid 
for  charges  and  insurance :  therefore,  1.  Debit 
the  voyage  for  the  whole  amount  shipped.  2. 
Credit  J.  Selden  for  the  amount  of  the  Spirits. 
3.  Credit  Tobacco  for  its  value.  4.  Credit  cash, 
for  charges,  and  insurance  paid. 

_ 20 


Received   of   William   Nelson,   for   the    use    of 

Moses  Martin,  of  Hamburgh,  4000.  which  1 

remitted  him,  per  Capt.  Thorn,  deducting  1-2 

per  cent,  for  my  commission 

/ 

Note. — As  you  was  paid  the  money,  and  remitted  it 
for  the  use  of  another  person,  and  retained  the 
twenty  dollars  for  your  agency  in  the  business, 
therefore,  you  must  debit  cash,  and  credit  com- 
mission for  the  same. 


8651 


25 


20 


00 


53 


New-York,  January  2,2^  1817. 


^^-[6] 


6 


Bought  oyjoseph  Otis,  the  following  goods,  at 
3  months,  viz. 
16    Hhdg.    Spirits,  1600  gall,  at  Lpef 

gall.  1600.00 

12  Hhds.  Tobacco,    120cwt.  at   12.  per 

cwt.  1440.00 

16  Bags  Pepper,  10881b.  at  .50  per  lb.        544.00 


3584 


OO 


Shipped  the  above  goods  on  board  the  Nancy 
Capt.  William  Shaw,  master,  for  Leghorn,  for  the 
account  and  risk  of  John  Nash,  Merchant  there, 
as  per  Invoice  rendered. 

Amount  of  Goods,  3584.00 

Charges  of  Shipping,  &c.  157.25 

Commission  on  8741.25  at  5  per  cent.         167.  6 


3908 


31 


Note. — Merchandize  is  Dr.  to  the  person  of  whom 
you  receive  them,  when  you  give  him  notlmiff  in 
return.  As  you  purchased  the  goods  of  JriJ^ 
on  time,  for  which  he  received  no  compensation 
at  present,  for  that  reason,  debit  merchandize  for 
their  value,  and  credit  hira  for  the  same  amount. 
Having  shipped  the  goods  to  Leghorn  for  the  ac- 
count and  risk  of  Jolm  Nash,  it  follows,  that  yon 
must  debit  him  for  all  costs  and  charges  attending 
e  same,  and  credit  merchandize  for  their  a- 
ount,  as  being  entered  before  in  your  books ; 

#a^h  for  charges  paid,   and  commission  for  your 
gency  in  the  business. 
. ..-23 


\ 


Paid  Joseph  Selden  on  Account, 
Note. — Debit  J.  Selden,  a;id  credit  cash  for  the  ac- 
count paid. 

: 25 


Received  of*  the  E:j^ecutors  of  my   Uncle,   a 

Legacy  of 

Note. — It  is  evident  that  the  legacy  was  a  gain,  as  you 
gave  nothing  in  return,  it  being  a  donation  ;  and 
having  made  no  charge  against  the  executors  ; 
therefore,  substitute  profit  and  loss — credit  it  for 
the  money  received,^and  debit  cash  for  the  same 
amount.  ^ 


80 


4000 


00 


00 


Lost  a  Bank  Note  of 
JVo/c— Debit  profit  and  loss,  and  credit  cash  for  the 
money  lost. 


bO 


•• 


64. 


in 


N^W'Yorky  January  27,  1817. 


6 


f 


Paid  Joseph  Otif  in  full, 
Received,  aftervvaiUs,  of  him,  3  month's  discount, 
at  5  per  cent,  on  the  above  payment, 

Note. — As  you  credited  J.  Otis,  before,  in  your  books, 
for  this  money,  when  the  debt  was  first  contracted 
— now,  as  he  is  paid,  charge  him  With  it,  and 
credit  cash  in  order  to  close  his  aqcount. 

Having,  after  the  above  entry  was  made,  received  a 
discount,  or  interest,  for  the  same ;  therefore, 
debit  cash,  and  credit  interest  for  the  sum  recei 
ved. 


Received,  per  the  Huron,  from  Leghorn,  12  pipes 
of  Olive  Oil,  to  sell  for  the  account  of  John 
Nash. 

Paid  Duty  and  other  charges,  at  landing, 

Note Your  employer's  goods  must  always  be  char- 

goL  ^NJi^  ^^^  expenses  paid  on  them  ;  conse- 
^(Bntly,  debit  goods  on  the  account  of  John 
Nash,  and  credit  cash  for  the  money  paid. 

28 


Discounted  Dalton  and  Co's.  Bill  at  the  Manhat- 
tan Rank, 
Allowed  2  month's  Discount,  at  6  percent. 

Note. — By  discounting  the  note,  you   received  the 
value   of  it,   less  the  interest  allowed,   by  which 
you     sustained  a   loss ;     therefore,    debit   cas 
for  the  money  paid  you  by  the  Bank,  profit  ani 
loss  for  the  discount,  and  credit  bills  receivabj 
for  the  whole  amount  of  the  bill. 

30 . 


Paid  William  Archer's  Bill,  No.  14, 

Discount  allowed  me  for  2  month's,  at  7  per  cei 

Note. — By  paying  William  Archer  the  amount  of  yo 
note,  less  the  discount,  before  it  became  due,  you 
gained  thereby ;  and  as  the  note  is  Dr.  to  what 
was  given  in  return  for  it,  (i.  e.)  to  the  money 
paid  by  you,  and  the  interest  allowed  you,  of 
course  you  must  debit  bills  payable  for  (he  value 
of  the  bill,  credit  cash  for  the  sura  paid,  and 
profit  and  loss  for  the  discount  allowed, 


3584 
44 


00 
80 


198 


00 


650 
6 


45 

60 


«00 


00 


DJ 


New-York,  January  31,  1017, 


[8] 


Paid  Sundry  Charges,  this  month,  per  Book,  of 
House  Expenses, 

Nole.—k\\  money  expended  in  family,  and  other  con- 
tingent expenses,  is  esteemed  a  loss,  and  must  be 
placed  on  the  Dr.  side  of  charges  ;  therefore, 
debit  that  account,  and  credit  cash  for  the  ex- 
penses paid. 

February  2. 


Sold  Joseph  Otis  6  pipes  of  Olive  Oil,  on 
accoiHnt  of  John  Nash,  payable  in 
3  months,  at  150.  per  pipe, 

Sold  6  pipes,  for  reaifly  money,  at  148.  per 
pipe, 


900.00 


888.00 


Commission  on  1986.  charges  and  sales  at  5  p'  r 

cent. 
I  am  indebted  to  John  Nash  for  the  nt.  proc.  of 

his  Olive  Oil, 

Note  1 — Th^|charges  and  commission  subtracted 
from  thj^Ral  sales,  gives  the  net  proceeds;  that  is 
198.H-  S^io=297.30,  1788.-297.30=1490.70 
equal  th^k  proceeds. 

2. — WhateverWL  received  is  Dr,  to  whatever  is 
delivered  jReturn  ;  and  as  Joseph  Otis  became 
indebted  fflnrou  by  means  of  the  sale  of  John 
Nash's  go^K  and  the  money  you  received  by 
the  same  i^Rns ;  therefore,  debit  him  for  the  a 
mount  purOTised,  cash  for  the  quantity  sold  for 
ready  mon^S  and  credit  the  goods  for  the  value 
of  the  sales.^Next,  the  goods  being  all  sold,  you 
must  close  me  account  of  goods,  by  debiting  it  to 
sundries,  antf  credit  commission  for  your  agency 
and  John  Nash  for  net  proceeds, 
3 


I 


Paid  James  Gabbet's  Bill,  No.  56, 

JVote. — Debit  bills  payable,  and  credit  cash  for  the 
same  amount. 


Received  for  Moses  Rogers's  Bill,  No.  16, 

Note. — Debit  cash,  and  credit  bills  receivable  for  the 
same  amount. 


19H  88 


ir88 

99 

1490 


00 
30 
70 


1456 


475 


7u 


r 


[9] 


New- York,  February  4,  181 T. 


9 


9 


Paid  the  Phoenix  Company  in  full,  viz. 
C<tsh,  in  ready  money,  77*2.27 

Bill  on  Sanmel  Hay,  at  sight,  for  314.10 

Interest,  for  6  months,  on  1 125.75,  at  7  per 

cent,  allow^ed  me  for  prompt  paym't.      39.38 


Note. — The  payment  made  is ,  Dr.  to  the  payments 
rendered  ;  and  as  you  paid  the  Phoenix  Compa- 
ny by  means  of  money,  bill,  and  the  discount  al- 
lowed you  ;  therefore,  debit  them  to  sundries  in 
full,  credit  cash  for  the  sum  paid^amuel  Hay  for 
amount  of  the  draft,  and  interest  for  the  abate- 
ment allowed. 

6 


Sold  James  Thornhill  40  Barrels  of  Brandy,  1280 
gallons,  at  1.75  per  gall. 


Note. — The  receiver  is  Dr.  to  whatever  he  receives 
from  you,  when  he  delivers  nothing  in  return, 
and  as  you  received  no  compensation  sjj^resent, 
as  the  goods  were  sold  on  time,  you  ^Rt  debit 
J.  Thornhill  for  the  value  of  the  goods,lrou  credit 
brandy  for  the  same  amount. 


Buttled  one  Hhd.  Wine,  63  galls,  at  1.23  per  gall, 
for  my  own  use. 

Note. — All  goods  consumed  for  your  own  use  are 
esteemedc>a  loss,  and  as  no  real  or  personal  ac- 
count can  be  charged — therefore,  debit  profit  and 
loss,  and  credit  wine  for  the  value  thereof. 

9 


Sold  Thomas  Shaw  17   Hhds.  Wine,  containing 

1167  gall^  at  1.75  per  gall. 
Received  his  bill  on  John  Fine,  at  3  days, 

for 
Cash,  for  the  remainder, 


2000.00 
42.25 


Note. — The  things  received  are  Dr.  to  the  thing  de- 
livered in  return*  As  you  was  paid  by  Thomas 
Shaw  for  the  wine,  part  in  bill  and  part  in  money 
— therefore,  debit  bills  receivable  and  cash  for 
its  amount,  and  credit  wine  for  the  whole  value 
thereof. 


2042 


^ 


57 


10 


New- York,  February  12,  1817. 

—_ ^ 


[10 


10 


10 


10 


Drawn  my  bill  on  John  Nash,  of  Leghorn,  favor 
John  Chandler,  for  2000  Piasters,  at  .55  each, 
value  received  of  said  Chandler  in  money, 
Note. — What  J.  Chandler  paid  you,  was  in  conse- 
quence of  the  bill  given  him  on  J.  Nash,  and  as 
ttie  payment  received  is  Dr.  to  the  means  by 
which  it  was  acquired  ;  therefore,  debit  cash  to 
John  Nash,  and  credit  him  for  the  same  amount. 
14 


Received  a  Bill  of  Exclvange  from  Moses  Mirtir), 
of  Hamburgh,  on  Dalton  and  Co.  at  3  days, 
sight,  for 

Note. — This  transaction  is  similar  to  the  above ;  (i.e.) 
the  payments  received  Dr.  to  the  means  by  which 
they  were  acquired — as  the  bill  was  remitted  to 
you  by  Moses  Martin,  debit  bills  receivable  for  iti 
value,  and  credit  him  for  the  same.  If  you  made 
no  entry  until  the  money  was  paid  by  Dalton  and 
Co.  cash  Dr.  to  Moses  Martin. 

16 


i 


1100 


00 


1000 


00 


10 


Sold  20  Firkins  of  Butter,  at  14.  per  Firkin,  and 

received  the  amount, 
Note. — Debit  cash  for  the  money  received,#and  credit 

butter  for  the  same.                              * 
18 


Received  of  Dalton  and  Co.  forM.  Martin's  Bill, 
Note. — As  you  charged  bills  receivable  for  the  a- 
mount  of  the  bill  when  received,  now,  as  you  are 
paid,  you  must  debit  cash,  and  credit  bills  re- 
ceivablo^r  its  value,  in  order  to  clem  ^^^  ac^ 
count  of  bills. 
r-i 20 


Shipped  oh  board  the  Neptune,  Ward  well,    for 

Leghorn,  by  order  and  for  account  of  John 

Nash,  Merchant  there,  the  following  goods, 

viz. 

120  pieces  of  my  Linen,  5000yds.  at  .75    3r50.«0" 

20  do.  bo't  of  Jos.  Otis,  at  10.  200.00 

20  Hhds.  Tobacco  bo't  of  J.  Selden, 

at  100.  2000.00 

Paid  charges  on  the  same,  200.00 

Paid  Insurance  on  6150.  at  5  per  cent,        306.50 
My  Commission  at  5  per  cent,  on  6456.        322.82 


280 


1000 


00 


00 


Jem'32 


b\) 


i^n 


Nepj'York,  February  20.   1817. 


10 


11 


11 


Note. — It  it  evident  that  Jolm  Nash  must  be  charged 
with  the  value  of  the  cargo  shipped,  and  all  other 
charges  attending  it,  as  you  received  nothing  in 
return.  It  is  also  apparent,  that  your  own  linen 
must  be  credited  for  its  value,  as  it  was  entered 
before  in  your  books,  in  order  to  clear  the  ac- 
count now  of  said  charge — also,  that  J.  Otis  and 
J.  Selden  are  to  be  credited  each  for  amonnt  of 
goods  purchased  of  him,  as  it  was  on  time  ;  like- 
wise, credit  cash  for  insurance  and  charges  paid, 
and  commission  for  your  agency  in  the  business. 
22 


James  Thornhill,  who  owed  me  2240.  has  failed  ; 

I  have  compounded  the  debt  with  him,  at  20 

per  cent. 
\batedhin],  1792.00 

Cash  received,  448.00 


Note. — As  you  agreed  to  take  20  per  cent,  for  the 
whole  debt,  by  which  means  you  are,  per  con- 
tract, paid,  you  must  credit  J.  Tjioruhill  for  a- 
mount  due  of  him,  in  order  to  balance  his  ac- 
count ;  likewise,  debit  profit  and  loss  for  the  a- 
'^alement,  Ail  cash  for  the  money  received. 

24 


Sold  20  Firkins  Butter,  at  12.  per  Firkin, 
Note. — As  the  butter  was   sold  for   ready  money 

debit  cash  for  amount  received,  and  credit  butter 

for  the  value  thereof.   * 
26 


Received  from  Aidses  Martin,  of  Hamburgh,  an 
account  sales  of  ray  Tobacco  and  Spirits, 
consigned  to  him  per  the  Columbia,  nt.  proc 
amounting  to 

Note. — When  the  goods  were  shipped,  you  charged 
the  voyage  with  the  costs  and  charges  thereof, 
now,  as  you  received  an  account  sales  from  M 
Martin,  your  Factor,  you  must  debit  him  for  the 
net  proceeds,  and  credit  the  voyage  for  the  same, 
in  order  to  balance  the  account  and  ascertain  the 
gain  or  loss  tliereon. 


2240 


GO 


240 


00 


12654 


8^ 


,59 


112] 


New- York,  February  27.  1817, 


Sold  50  Boxes  of  Soap,  at  8.  per  Box, 

Note. — Debit  Cash  for  the  sum  received,  and  credit 
Chandlery  for  the  same  amount. 

: 28 


Sold  60  Boxes  Candles,  at  6.  per  Box, 


Paid  Sundry  charges,  this  month,  as  per  Book  ot 
House  Expenses, 

Note. — All  money  paid  for  family  use,  &tc.  is  ac 
cosinted  a  loss,  and,  as  no  real  or  personal  ac- 
count can  be  found  in  the  transaction,  you 
must  debit  Charges,  or  Profit  and  Loss,  and 
credit  Cash  for  the  sum  expended. 


END  OF  THE  WASTE  BOOK  A.  or  No  1 


400 


360 


ire 


00 


00 


00 


s 


THE 

FIRST  SET  OF  BOOKS. 

JOURNAL  A.  or  No.   1 
THE  PROPER^TY  OF  A.  B. 

JANUARY  Ut.  1817. 


62 


New-York,  January  1.  ISIT, 


Sundry  accounts  Dr.  to  Stock,  for  amount  of  pro- 
perty belonging  to  me. 

Cash  in  reaady  money 

Tobacco,  for  12  Hhds.  nt.  wt.  ISfcwt.  3qrs.  161b. 
at  12.75  per  cwt. 

Linen,  for  120  pieces,  5000  yds.  at  .42  per  yd. 

Duroy,  for  6  pieces  180  yds.  at  .88  per  yd. 

Muslin,  for  16  pieces,  at  11.50  per  piece, 

Broad  Cloth,  for  10  pieces,  200  yds.  at  2.50  pr.  yd. 

Wine,  for  20  Hhds.  1450  gallons  at  1.2p  per  gall. 

Brandy,  for  10  Barrels,  320  gall,  at  1.40  per  gall. 

Bills  Receivable,  for  amount  of  Bills  on  hand, 

Israel  Johnson  owes  me 


To  Pj)St  the  First  Part  of  the  Inventory,   ^ , 

1.  Coedit  Sfooif,  By  Sundries,       '  22010.76 

2.  JJiebit  Cash  to  Stock,  for  amt.  in  hand,  12976.00 

3.  Debit  Tobacco  to  Stock,  at  12.  per 

cwt.  for  lOHhds.  !27cwt  3qrs.  141b.    1630.4 

4.  Debit  Linen,  to  Stock,  at  .42  per  yd. 

for  120  pieces,  qnt.  5000  yds.  2100.00 

5.  D.el)it  ruiov, to  Slock  at   88  per  yd. 

for  6  pieces,  qnt.   180  yds.  158.40 

6.  Debit  Muslin  to  Suck,  at  11.50  per 

piece,  for  16  pieces,  184  00 

7.  Debit  Broad  Cloth  ti>  do.  at  2.50  p6r 

yd.  for  10  pieces,  200  yds.  500.00 

8.  Debit  Wine  to  Stock,  at  1.25  per  gal- 

lon, for  20  Hhds.  1550  gallons,  1812.50 

9.  Debit  Brandy  to  Stock,  at   1.40  per 

gallon,  for  10  Barrels,  330  galls.  448.00 

10.  Debit  Bills  Receivable  to  Stock         1726.00 

11.  Debit  Israel  Johnson,  to  do.  due  of 

him,  475.25 


00 


76 


C-- 


63 


New- York,  Januar?/  1.   1817. 

[ 

22 

1 

Stock  Dr.  to  Sundries,  for  amount  of  debts  due 
of  me. 

3 

To  William  Shellard,  due  to  him, 

1537 

00 

4 

To  Joseph  Otis 

3000 

00 

4 

To  Samuel  Hay 

756 

00 

4 

To  Bills  Payable  for  ami.  of  Bills  accepted  by 

me       ^ 

3149 

75 

To  Post  the  Second  Eart  of  the  Inventory/. 

8492 

75 

r  D.?bit  Stock  to  Sundries                   8492.75 

2.  Credit  William  Shellard,  by  Stock, 

due  to  him                                  -^-      1587.00 

• 

3.  Credit  Joseph  Otis  By                        3000.00 

4.  Credit  Samuel  H/iy  By      #               756.00 

5.  Credit  Bills  Payable  By  Stock,  for 

• 

amt.  due  of  me                                 3149.75 

ab2 

Wine  Dr.  to  Cash  : 

1 

For  10  Hhds.  1100  gallons  at  1.45  per  gallon 

1.  Debit  Wine  io  Cash,  at   1.45  per 

gall,  for  10  Hhds.  11 00 gallons,.    1595.00 

2.  Credit  Cash,  By  Wine,                      1595.00 

rl  ^ 

1595 

00 

bd  1 

Cash  Dr.  to  Wine: 

•              rv 

Sold  2  Hhds.  220  gallons,  at  1.75  pei^jj^ 

2 

gallon, 

1.  Debit  Cash,  to  Wine,                            385.00 

2.  Credit  Wine,  By  Cash,  at  1.75  per 

gall,  for  2  Hhds.  ^^O  gallons,           385.00 
ft      '. 

385 

00 

4 

Shalloon  Dr.  to  Joseph  Selden  : 

A 

For  600  yds.  at  .30  per  yard. 

180 

00 

r» 

1 .  Debit  Shalloon  to  Joseph  Seldon, 

9 

at  .30  per  yd.  for  600  yards,              1 80.00 

2.  Credit  Joseph  Selden,  By  Shal- 

Joon,                                                   180.00 

64 


[3] 


New-York y  January  7,  1817. 


Chandlery  Dr.  to  Phoenix  Company  : 
For  127  Boxes  Candles,  at  4.75  per         603.20 
95     do.       Soap,    „  5.50  522.50 


1.  Debit  Chandlery,  To  Phoenix  Co.^ 

1125.75 

2.  Credit  Phoenix  Co.  By  Chandlery/ 

1125.75 

1 

Cash  Dr.  to  Is^rael  Johnson: 

Received  in  full, 

3 

1.   D  "hit  Cash,  To  Israel  J.  hnson, 

475.25 

2.  Credit  Israel  Johnson,  By  Cash, 
o 

47a»25 

ab2 

Sundries  Dr.  to  Wine  : 

ad3 

Brandy,  for  40  bangils,  1280  galls,  at 

1.25  per  gall. 

1600.00 

5 

Checks,  for   20  pieces,  at  16.25  per 

piece. 
Bartered  10  Hhds.  Wine,  1100  galls> 

3fi5.00 

at    1,75 

per  gall,  for  the  above  of  the  same 

)  value. 

1.  Credit  Wine,  By  Sundries,  at  1.76 

per  gall,  for  10  Hhds.  1100  galls. 

1925.00 

2.   Debit  Brandy  to  Wine,  at  1.25  per 

gall,  for  40bbls.  1280  galls. 

1600.00 

3.  Debit  4^t3cks   to  Wine,  at  16.25 

per  piece,  for  20  pieces, 

325.00 

-                                            10 

4 

Sundries  Dr.  to  ShallooA : 

1 

Cash  received  in  part,^ 

150.00 

3 

Israel  Johnson,  to  paj  in  3  months. 
Sold  said  Johnson  600yds.  at  .40  per 

90.00 

yard. 

1.  Credit  Shalloon,    By  Sundries,   at 

.40  per  yd.  for  600yds. 

240.00 

2.  Debit  Cash,  To  Shalloon, 

150.00 

3.  Debit  Israel  Johnson,  To  Shalloon 

,     90.00 

6.> 


Ne/v-York^  January  10.  1817 


[4] 


Samuel  Hay  Dr,  to  Cash, 
Paid  him  in  full, 

1.  Debit  Samuel  Hay,  To  Cash^ 

2.  Credit  Cash,  By  Samuel  Hay, 


11 


Joseph  Otis  Dr.  to  Cash, 
Paid  him  in  full. 


14 


756.00 
766.00 


Samuel  Hay  Dr.  to  Sundries  : 

To  Muslin,  for  16  pieces,  at  12.  ^  192.00 

To  Duroy,  for  6  pieces,  180yds..  at  K      180.00 


756 


3000 


100.00 
200.00 


Sundries  Dr.  to  Samuel  Hay  .-^ 

Cash  receivecnn  part,  ^ 

Bills  receiyable,  for  a  Bill  on  Dalton 
&  Co.  No.  267,  due  March  9jor 


1.  Debit  Samuel  Hay,  To  Sundries, 

2.  Credit  Muslin,  By  Saniuel  Hay,  at 

12.  per  pie>ce,  for  16  pieces, 

3.  Credit  Duroy,  By  Samuel  Hay,  at 

1.  per  yd.  for  6  pieces,  180yds. 

4.  Credit  Samuel  Hay,  By  Sundries, 

5.  Debit  Cash,  To  Samuel  Hay, 

6.  Debit  Bills  receivable.  To   Do. 

Or  make. 
Sundries  Dr.  to  Sundries : 


Cash  receiyed,  100.00 

Bills  receiyable,  200.00 

Samuel  Hay  for       ,  72.00 

To  Muslin,           *    •  192.00 

To  Duroy,  180.00 


372.00 

192.00 

180.00 
300.00 
100.00 
200.00 


372 


300 


00 


OO 


Oft 


Od 


Oli 


[5]  Nc'JV-Yo7;k,  January  \Q,  1817. 

Bills  receivable  Dr.  to  Israel  Johnson, 
Drawn  on  him  for  the  balance  of  his  account, 

who  remitted  me  his  Bill,  at  3  months,  for 
1.  Debit  bills  receivable.  To  I.  Johnson,  90.00 
2    Credit  Israel  Johnson,  By   Bills   re- 
ceivable, 90^00 

ir 


3 
I  s 

H  B 
T   I 


Butter  Dr.  to  William  Shellard: 
For  50  Firkins  bought  of  him,  at  the  following 

prices^ 
20  Firkins,  at  8.25  per  165.00 

JO     do.  9.50  190.00 

10     do.  10.75  10r.50 


1.  Debit  Butter^  To  William  Shellard,   462.50 

2.  Credit  William  Shellard,  By  Butter,  462,50 
r8 — 


Voyage  to  Hamburgh  Dr.  to  Sundries : 
To  Joseph  Selden,  for  60  hhds.   Spi- 
rits, 6750  calls,  at  1.  per  gallf|^ 
payable  i)f3  months,  675000 

To  Tobacco,  fv)r  10  Iiluis.  nt.  wt.  100 

cwt.  at  12  75  per  cwt.  1275.00 

To  Cash  paid  charges  and  Insurarrce,      626.25 


90 


00 


462 


50 


1.  Debit  Voj'age  to  Hamburgh,   To 

Sundries,  ^ 

2.  Credit  J.  SeTden,    By  Voyage  to 

Hamburgh, 

3.  Credit  Tobacco,    By  Voyage  to 

do.  at  12.75  per  cwt.  for  10  hhds. 
lOOcwt. 

4.  Credit  Cash,  By  Voyage  to  do. 
20 


8651.25 


6750.00 


1275.00 
626.25 


Cash  Dr.  to  Commission  : 
Received  of  William  Nelson,  for  the  use  of  M. 
Martin,  of  Hamburgh,  4000.  which  I  re- 
mitted him  per  Cnpt.  Thorn,   deducting  § 
per  cent,  for  Commission, 

1.  Debit  Cash,  To  Commission,  20.00 

2.  Credit  Commission,  Bv  Cash,  20.00 


8651 


25 


20 


00 


r 


bi 


New-  York)  January  22 .  1818. 

[ 

11 

6 

Merchandize  Dr.  to  Joseph  Otis,   ^r 

- 

For  the  following  Goods,  at  3  months,  viz. 

4 

16.  Hhds.  ifpirits,  1600  galls,  at  1.  per 

gallon,                                               1600:00 

12.  Hhds.  Tobacco,  120cwt.  at  12.  p.er 

cwt.                                                   1440.00 

16.  Bags  Pepper,  10881b.  at  .50  pr.  lb.  544.00 

3584 

00 

1.  Debit  Merchandize  to  Joseph  Otis    3584.00 

2.  fJredit  Jos.  Otis,  By  Merchandize,    4584.00 

6 

John  Nash  Dr.  to  Sundries  : 

€ 

To  Merch^lidize,  for  amount  of  goods  3584.00 

1 

To  Cash  paid  charges                              157.00 

6 

To  Commission  on  3741.25,  at  5.  per 

cent                                                 167.06 

3908 

31 

Shipped  the  above  goods  to  Leghorn,  for  the  acct. 

anil  risk  of  John  Nash,  Merchant  there,  and  to 

him  consigned. 

1.  Debit  John  Nash  to  Sundries            3908.31 

^. .  • 

/• ' 

2.  Credit Merchandize,by  John  Nash  3584.00 

3.  Credit  Cash  by  ditto                             157.25 

4.  Credit  Commission  by  ditto                 167.06 

OQ 

4 

Joseph  Seldon  Dr.  to  Cash 

— 

Paid  film  on  account 

80 

00 

1 

oc 

1 

Cash  Dr.  to  Profit  and  Loss 

— 

Received  of  the  Executors  of  my  Uncle,  a 

6 
6 

1 

Legacy  of 

4000 
50 

00 

Profit  and  Loss  Dr.  to  Cash 

or 

GO 

Joseph  Otis  Dr.  to  Cash 

1, 

Paid  him  in  full 

3584 

00 

(ili 


r^j 


New-York^  January  27.  1817. 


Cash  Dr.  to  niterest  . 

Joseph  Otis  has  allowed  me  2  months  discount 
on  the  above  sura,  at  5.  per  cent 

Note. — In  the.  above  Case  it  is  supposed  tliat  Otis 
returned  the  interest  after  he  recevied  the  prin- 
cipal, otherwise  make, 

Joseph  Otis  Dr.  to  Sundries  3584.00 

To  Cash  paid  him  3539.G0 

To  Profit  and  Loss,  for  Discount  44.80 


Goods  on  Account  of  John  Nash,  Dr.  to  Cash 

Received,  per  the  Huron,  from  Leghorn,  12 
pipes  of  Olive  Oil,  consigned  to  me,  by 
John  Nash,  to  sell  on  his  account :  paid 
charges  at  landing 

L  Debit  Goods,  on  acct.  John  Nash,  to 

Cash  198.00 

2.  Credit  Cash  by  Goods,  on  acct.    of 

John  Nash  198.00 


•28- 


Sundries  Dr.  to  Bills  Receivable 

Cash  received  at  the  Bank  643.95 

Profit  and  Loss,  for  discount  allowed  by 

me  6.50 


^ 


Discounted  Dalton  and  Co.'s  Bill,  at  the  Mar 

hattan  Bank 
Discount  allowed  by  me  on  650.45,  for  2  months, 

at  6.  per  cent. 
L  Credit  Bills  Receivable,  by  Sundries  G50.45 

2.  Debit  Cash  to  Bills  Receivable  643.95 

3.  Debit  Profit  and  Loss  to  ditto  6.50 
— : 30 


Bills  Payable  Dr.  to  Sundries 

To  Cash  paid  by  me  790.66 

To  Profit  and  Loss  gained  by  Discount       9.34 

Paid  William  Archer's  Bill,  No.  16,  800.  Di& 
count  allowed  me,  for  2  months,  at  7,  per 

cent. 


^00 


198 


00 


-^50 


45 


69 


New- York,  January  ^\.  1817. 


[8] 


Charges  Dr.  to  Cash  : 
Paid  Sundry  charges  this  month,   as  per  Book^ 
of  House  Expensf  s, 

February  2.  \^\7 


/:<. 


Sundry  Accounts  Dr»  to   Goods  on  Account 

John  Nash  : 
Joseph  Otis,  for  6  pipes  of  Olive  Oil, 

at  150.  per  pipe,  sold  him  at  3 

months,  900.00 

Cash,  for  6  pipes,  at  148.  per  pipe,  sold 

for  ready  money,  883.00 


^fr 


1.  Credit  Goods  on  acct.  John  Nash, 
By  Sundries,  for  6  pipes,  at  150. 
per — 6^ do.   148.  per, 

•2.  Debit  Joseph  Otis,  To  Goods  on 
acct.  John  Nash, 

3.  Debit  Cash,  To  Goods  on  acct. 
John  Nash, 

Note. — The  goods  beiug  all  sold,    close  the  ac- 
count by  making  the  following  entry  : 


1788.00 


900.00 


888.00 


Goods  on  acct.  John  Nash  Dr.  to  Sundries: 
To  Commission  on  1986.  charges  and 

sales,  at  5  per  cent.  99.^0 

To  John  Nash,  for  net  proceeds  of  12 

pipes  of  Olive  Oil,  1490.70 


I.  Debit  Goods  on  acct.  John  Nash, 

To  Sundries, 
2  Credit  Commission,  By   Goods  on 

acct.  John  Nash, 
3.  Credit   John   Nash,    By  Sales  of 

Olive  Oil,  for  nt.  proc. 


t£l 


1590  00 

99.30 

1490.70 


Bills  receivable  Dr.  to  Cash  ; 
Paid  James  Gabbet's  Bill,  No.  56, 


C 


Cash  Dr.  to  Bills  Receivable: 
Received  the  amt.  of  M.  Rogers's  Bill,  No. 


"ip^^ 


198 


88 


88 


00 


1590 


00 


1456 

15. 


T5_ 


[9] 


New- York,  February  4.   1817 


BD 


sd2 

1 

3 


Phoenix  Company  Dr.  to  Sundries  : 
To  Cash  paid  them, 
To  Samuel  Hay,  for  my  Bill  on  him, 

their  favor,  for 
To  Interest,  for  6  months,  on  1125.75, 

at  7  per  cent,  allowed  me  for 

prompt  payment, 

1.  Debit  Phcenix  Company,  To  Sun- 

dries, 

2.  Cr.  Cash,  By  Pha^nix  Company, 

3.  Cr.  Samuel  Haj^  By^,    do. 

4.  Cr.  Interest,  By            du. 
6 


772.27 


314.10 


39.38 


1125.75 

772.-27 

3i4.l0 

39.38 


James  Thornhill  Dr.  to  Brandy : 
For  40  barrels,  1280  galls,  at  1.75  per 

1.  Debit  J.  Thornhill,  To  Brandy, 

2.  Credit  Brandy,  By  J.  Thornhill,  at 

1.75  per  ,t2:ali.  for  40  bbls.  1280  s;.  2240.00 


gall. 
2240.00 


Profit  and  Loss  Dr.  to  Wine : 
Bottled  1  hhd.  63  galls,  at  1.25  per  gall,  for 
my  own  use, 

1.  Debit  Profit  and  Loss,  To  Wine,         78.75 

2.  Credit  Wine,   By  Profit  and  Loss, 

at  L25  per  gall,  for  1  hhd.  63  g.        78.75 
9 . 


Sundries  Dr.  to  Wine  : 
Cash,  in  ready  money, 
Bills  receivable,  for  a  Bill  on  J.  Fine, 


42.25 
2000.00 


Sold  Thomas  Shaw  17  hhd?.  Wme,  1167  galls, 
at  1.75  perg.  for  which  he  paid  as  above. 

1.  Credit  Wine,  By  Sundries  at  1.75 

pergall.  for  17  hhds.   1167  galls.    2042.25 

2.  Debit  Cash,  To  Wine,  4-i.25 


Debit  Bills  receivable,  To  Wine,     2000.00 


1135 


75 


2240 


GO 


78 


75 


2042 


25 


n 


New- York,  January'  JO.  1817 


[10] 


Cash  Dr.  to  John  Nash,  Leghorn, 

Drawn  my  Bill  on  him,  for  2000  piasters,  at 

.55  per  piaster,  favor  John  Chandler,  who 

paid  me 

1 4 


Bills  Receivable  Dr.  to  Moses  Martin, 
Received  a  Bill  of  Exchange,  from  Moses  Mar- 
tin, of  Hamburgh,  on  Dalton  and  Co.  at 
3  days,  for 
16 ___ 


Cash  Dr.  to  Butter, 

For  20  firkins,  sold  at  14.  per  firkin 

m 


Cash  Dr.  to  Bills  Receivablej 

Recived  of  Dalton  and  Co.  foi 

Bill 

. ^ ^^0  — 


Loses  Martin's 


J')hn  Nash  Dr.  to  Sundries, 

To  Linen,  my  own,  120  pieces,  5000yds.  at  .75 
per  yard  /  3750.00 

To  Joseph  Otis,  for  20  pieces  Linen,  at 

10.  per  piecf-  200.00 

To  Joseph  Selden,  for  20  Hhds.  To- 
bacco, at  100.  per  Hhd.  20000.) 

To  Cash,  paid  cJiarges  and  Insurance       506.50 

To  Commission  on  6456.50,  at  5.  per 

cent.  322.82 


Shipped  the  a!)ove  Goods  on  board  the  Ntp- 
tnne,  for  Legliorn,  consigned  to  John  Nash 
for  his  acct.  and  risk. 

T.  Debit  John  Nash  to  SurKJrios  6719/^2 

2.  Credit  Linen,  By  John  N;;  m,  at  .75  , 

per  yd.  for  MO  pieces  5000  yds.     3750.00 

3.  Credit  Joseph  O  is,  by  J- 4m  Nash       1*00. 00 

4.  Credit  Joseph  Seldon,  by  ditto  2000.00 

5.  Credit  Cash,  by  do.'paid  charges  &c.  506.50 

6.  Credit  Commission,  by  ili'to                  322  62 
,_- 22 . 


Sundries  Dr.  to  J<unes  Thornhill 

Cash  received  of  him  448.00 

Profit  and  Loss  for  the  abatement  1792.00 


UOO 


1000 


280 


1000 


00 


OQ 


oa 


00 


6779 


32^ 


2240  00 


[11] 

New- York,  February  22.  18ir. 

• 

James  Thornhill,  who  owed  mc  2240.  has  fail- 
ed— I  compound  the  debt  at  20  p^T  cent. 

1.  Credit  J.  Thornhill,  By  Sundries,      2240.00 

2.  Debit  Cash,  To  James  Thornhill,       448.00 

3.  Debit  Profit  and  Loss,  To  .do.          1792.00 

•^4 

240 
12654 

400 
360 

1 

H  B  1 
5 

Cash  Dr.  to  Butter : 

For  20  Firkins,  at  12.  per  firkin,  sold  for  ready 
money 

oa 

7 
5 

Moses  Martin    Dr,  to  Voyage   to  Hamburgh, 

per  the  Columbia, 
lleceived  an  acci^m^ales  of  my  Tobacco  and 

spirits  consit^^o  him,  per  the  Columbia, 

ntt  proceeds  amounting  to 

1.  Debit  Mos(S  Martin,  to  Voyage,   to  Ham- 

burgh, for  net  proceeds                  12654.85 

2.  Credit  Voyage  to  Hamburgh,  by 

Mosts  M^irtin                                    12654.85 
Note.— When  Moses  Martin  remits  you  the  value 
of  the  net  pro«?eeds,  make  whatever  is  receiv- 
ed Dr.  to  him,  which  will  close  his  account. 

8S 

1 

5 

Cash  Dr.  to  Chan'h  rv  : 

Sold  50  boxes  Soap,  at  8.  per  box. 

oa 

1 
5 

Cash  Dr.  to  Chai\|dk*ry  : 

Sold  60  boxes  Candit  s,  at  6.  per  box. 

00 

7 
1 

Charg<  s  Dr.  to  Cash: 

Paid  sundry  charges  this  month,  as  per  book, 
of  House  Expenses, 

END  OF  JOURNAL,  A.  or  No.  L 

V 

1 

LEDGER,  A.  or  No.  1 


January  1.  ISIT. 


ALPHABET  OR  INDEX,  TO  THE  LEDGER* 


A 

M 

Muslin, 
Merchandize, 
Martin,  Moses 

2'. 

Broad  Cloth, 

B 

ble, 

2. 

e. 

4. 
5. 

7. 

Brandy, 
Bills  Receiva 

N 
Nash,  John 

6. 

Bills  Payable, 
Butter, 

0 
Otis,  Joseph 

4, 

C 

1. 

5. 
5. 
6. 
7: 

Cash, 

Chandlery, 

Checks. 

P 

Phoenix  Company, 
Profit  and  Loss, 

5. 
6. 

Commission, 
Charges, 

Q 

Duroy, 

D 

2. 

H 

E 

S 

Stock,    ^^ 
Shellard^'illiam 
Shalloon, 
Selden,  Joseph 

1. 
3. 

4. 
4. 

F 

G 

Goods  on  acct.  John  Nash, 

r. 

T 

Tobacco,  ^^ 
Thornhill,^^te 

1 

H 

4. 

7. 

Hay,  Samuel 

^U 

I 

7. 

Interest, 

V 

Voyage  to  Hamburgh, 

J 

el 

3. 

5. 

Johnson,  Isra 

W 
Wine, 
^                 Y,  Z 

K 

\ 

2. 

T.inen, 

L 

o. 

?4 


[1] 


Stock 

Dr. 

1817. 

jp 

.... 

LF 

Jan.    1 

I 

To  Sundry  Accts.  for  Amt.  of  Debts 

due  of  me 

8492 

75 

Feb.28 

To  Balance  for  my  net  Estate,  at 

1 

closing  the  Books 

8 

1 

^3750 

28 

32243 
12976 

3 

Cash,                                      Dr. 

Jan.    1 

To  Stock 

00 

4 

o 

To  Wine,  received  in  full 

2 

385 

00 

7 

3 

To  Israel  Johnson,  received  in  full 

3 

475 

25 

10 

>> 

To  Shalloon,  received  in  part 

4 

150 

00 

14 

4 

To  Samuel  Hay,  received  in  part 

» 

100 

00 

20 

6 

To  Commission,  received  for  remit- 

tance to  Hamburp:h 

6 

20 

00 

25 

6 

To  Profit  &  liOss,  rec'd.  a  legacy  of 

"H 

4000 

00 

27 

7 

To  Interest,  rec'd.  for  discount 

7 

44 

80 

28 

j» 

To  Bills  Receivable,  rec'd  at  the  bank 

3 

643 

95 

Feb.  2 

8 

To  Goods  on  Acct.  of  John  Nash 

7 

888 

00 

3 

*» 

To  Bills  Receivable  rec'd  for  No.  16. 

3 

475 

75 

9 

9 

To  Wine,  received  in  full 

2 

42 

25 

12 

10 

To  J.  Nasjv rec'd  "f  Jolm  Chandler 

6 

1100 

00 

16 

)» 

To  Buttqrfteceived  in  full 

5 

280 

00 

18 

?> 

To  Bills  Receivable,  rec'd.  in  full 

3 

1000 

00 

22 

j» 

To  James  Thornhill 

,7 

448 

00 

24 

11 

To  Butter 

5 

240 

00 

27 

5> 

To  Chandlery 

>> 

400 

00 

28 

1 

Tod^ 

J7 

360 
24029 

00 
00 

Tobacco,                                  Dr. 

Jan.    1 

To  Stock,  at  12.75  per  cwt.  for  12 

hhds.— 127cwt.3qrs.  141b. 

1 

1630 

1 

H 

Ll 


Contra^ 

Cr. 

1817. 

jp 

LF 

' 

Jan.    1 

1 

By  Sundry  Accts.  for  amt.  of  my  pn;- 

perty 

2201d 

76 

Feb.28 

By  Profit  and  Loss,  gained  by  two 

months  tradi iig 

6 

10232 

27 

2 

2 

32243 

03 

1595 

Contra^                                    Cr. 

Jan.    2 

By  Wine,  paid  in  full 

00 

10 

4 

By  Samuel  Hay,  paid  in  full 

4 

756 

00 

11 

»♦ 

By  Joseph  Otis,  paid  in  full 

» 

3000 

00 

18 

5 

By  Voyage,  to    Hamburgh,   paid 

charges 

5 

626 

25 

22 

6 

By  John  Nash,  paid  charges 

6 

157 

25 

23 

»> 

By  Joseph  Selden,  paid  in  part 

4 

80 

00 

25 

» 

By  Profit  and  Loss,  lost  a  bank  note  of 

6 

50 

00 

27 

n 

By  Joseph  Otis,  paid  in  full 

4 

3584 

00 

j> 

7 

By  Goods  on  Acct.  John  Nash,  paid 

charges 

7 

198 

00 

30 

») 

By  Bills  Payable,  paid  Wm.  Archer's 

Bill,  No.  14. 

4 

790 

66 

31 

8 

By  Charges  paid  this  month 

7 

198 

88 

Feb.  3 

J) 

By  Bills  Payable,  paid  JLGabbeeg 

Bill,  No.  66                mk 

4 

1456 

75 

4 

9 

By  Phoenix  Co.  paid  in  full^ 

5 

772 

27 

20 

10 

By  John  Nash  paid  charges 

6 

506 

50 

28 

11 

By  Charges  paid  this  month 

7 

116 

00 

jj 

By  Balance  remaining  in  hands 

8 

10141 

24029 

44 
00 

5 

— 

Contra,                                   Cr. 

Jan.  18 

By  Voyage  to  Hamburgh,  12.75  per 

cwt.  10  hhds.— lOOcwt. 

5 

1275 

00 

Feb.28 

By  Balance,  at  12.75  per  cwt  for  2 

hhds.— 27cwt.  3qrs.  14lb. 

8 

355 
1630 

41 
41 

76 


1817. 
Jan.  1 
Feb.28 


Linen 


Dr. 


Jan.   1 
Feb.28 


Jan.    1 
reb.28 


pes.  yds. 
To  Stock,  at  .42  per  yd. 

for  120  5000 

To  Profit  &  Lobs  gained 

hereby, 


Duroy, 


Dr, 


pes.     yds 
To  Stock,  at  .88  per  yard, 

for  6     180 

To  Profit  and  Loss  gained, 


Jan.    1 


Muslin, 


Dr. 


pes. 
To  Stock,  at  1 1 .50  per  piece  for,  1 6 
To  Profit  and  Loss  gained. 


Broad  Gloth, 


Dr. 


pes.  yds. 
To  StocMpt  2.50  per  yd.  for  10  200 


Jan.    1 

2 

Feb.28 


Wine, 


Dr. 


hhds.  galls,  mrk 
To  Stock,  at  1.25  per 

gall,  for    ,  20  1450  b  d 

To  Cash,  at  1.45  per 

gall,  for    '.  10  1100  A  B 

To  Profit  &  L^oss, 


30  2550 


2100 
1650 

00 
00 

375e 

00 

158 
21 

40 
60 

180 

00 

184 

8 

00 
00 

192 
500 

00 
00 

6 

1812 

1595 
1023 

4431 

50 

00 
50 

00 

Contra^ 


Or. 


L^J 


1817. 


Feb.  20  10 


Jan.  14 


Jan.  14 


Feb.  28 


Jan.  4 
9 

Feb.6 
9 


pes.  yds. 
By  J.  Nash,  at  .75  per  yd.  120  5000 


Contra, 


Cr, 


pes.  yds. 
By  Samuel  Hay,  at  1.  per 

yd.  for  6      180 


Contra, 


Cr, 


By  Samuel  Hay,  at  12.  per 
piece,  for 


pes, 
16 


Contra, 


Cr. 


pes.  yds 
By  Balance,  at  2.50  per 

yard,  for  ip    "SOO 


Contra, 


Cr. 


hhds.  gal.  m'k 
By  Cash,   at  1,75  per 

gall,  for  2     2iO  B  D 

By  Sundries,  at  1.75 

per  gal.  for  10  1100  a  b 

By  Profit  Ik  Loss,  for 

my  use,  at  1.25  per  g.    1       63  b  d 
By  Sundries,  at  1.75 
per  gall.  17  1167  b  d 


30  2550 


3750 


00 


180 


192 


500 


385 

1925 

78 

2042 


4431 


00 


00 


00 


00 
00 
75 
25 
00 


^J 


Brandy, 


Di 


1817. 
Jan.    1 

9 

Feb:  26 


Jan.    1 
14 

16 

Teb.  9 

14 


bbl.  gal.  mrk 

To  Stock,  at  1.40  per  gal- 
lon 10    320  c  I) 

To  Wine,  at  1.25  pr.  gall. 

for  40  1280  a  d 

To  Profit  and  Loss  gained 


50  1600 


Bills  Receivable^ 


Dr. 


10 


Jan.    1    1 


10 


Feb.  28 


To  Stock,  for  amt.  of  Bills  in  hand 
To  Samuel  Hay,  for  his  Bill  on  Dal- 

ton  and  Co.  No.  247 
To  Israel  Johnson,  for  his  Bill,  at  3 

months 
To  Wine,  for  Thomas  Shaw's  Bill,  on 

John  Fine 
To  Moses  Martin,  for  his   Bill   on 

Dalton  and  Co. 


Israel  Johnson^ 


Dr, 


To  Stock 
To  Shalloon 


William  Shellard, 


Dr. 


To  Balance  due  to  him 


448 

1600 
640 


2688 


1726 
200 
90 
2000 
1000 
5016 


00 

00 
00 

00 


20 
00 
00 
00 
00 
20 


475 
90 


25 
00 


2049 


50 


51 


Contra, 


Cr, 


L3] 


1817. 
Feb.  6 

28 


Jan.  28 

Feb.  3 
18 

28 


Jan.    7 
16 


Jan.   1 
17 


I  bbl.   gal.  mrk. 

9, By  J.  Thornhill,  at  1.75 

per  gallon,  lor         40  1280  ad 
By  Balance,  at  1.40  per/ ^ 

gallon,  for  10    320  c  d 


50  1600 


Contra, 


Cr. 


By  Sundries,  Hiscoimted  Dalton  and 

Co.'s  Bill,  No.  44 
By  Cash,  for  Moses  Roger's  Bill,   16 
By  Cash,  for  Dalton  and  Co.'s  Bill 
By  Balance,  for  amt.  Bills  in  hand 


Note, — The  Bills  remaining  unpaid  are 

at  follows,  viz. 
Wm.  Raymond's  Bill,  No.  203—600. 
Dalton  and  Co.'s  „     247—200. 

Israel  Johnson's  „         2 —  90. 

John  Fine's  „         1-2000. 


Contra, 


Cr. 


By  Cash,  received  in  full 
By  Bills  Receivable 


Contra^ 


Cr, 


By  Stock 
By  Butter 


2240 

448 


2688 


650 

475 

1000 

2890 


00 
00 
00 


5016 


475 


90 


1587 
462 

2049 


45 
75 
00 
00 

20 


25 

00 


oa 

50 

50 


80 


L4J 


Joseph  OtiSj 


Dr. 


Wu7 

Jan.  1 1 

27 

Feb.  2 


Jan.  10 

14 
Feb  28. 


Jan.  30 

Feb.  3 

28 


Jan.    6 
Feb.28 


Jan.  23 
Feb.28 


To  Cash  paid  in  full, 
To  Cash  paidi*  full, 
To  Goods  on  acct.  of  John  Nash, 


Samuel  Hay 


Dr. 


To  Cash  paid  in  full. 

To  Sundries, 

To  Balance  due  to  him, 


Bills  Payable 


Dr. 


To  Sundries  paid  William  Archer's 

.  Bill,  No.  X4>y 
To  Cash  Paid  James  Gabbet's  Bill, 

No.  56, 
To  Balance  for  amt.  of  Bills  due  of 

me, 
yotc. — The  Bills   remaining 

unpaid,  No.  57,  648.25 

„     48,  244.75 


Shalloon, 


Di 


To  Joseph  Selden,  at  .30  per 

yard,  for  600yds. 
To  Profit  and  Loss  gained. 


Joseph  Selden 


Dr. 


To  Cash  paid  in  part, 
To  Balance  due  to  him, 


1 

3000 

00 

3584 

00 

7 

900 

00 

1 

756 

00 

8 

372 
242 

00 
10 

614 

10 

1 
8 

800 

1456 

893 

00 
75 
00 

3149 

75 

4 
6 

180 
60 

00 
00 

240 

00 

1 
8 

80 
8850 

oo 

00 

8930 

00 

u 


Contra^ 


Ct. 


IM 


i8ir. 

Jan.    1 

22 

Feb.20 
28 


Jan.    1 

14 
Feb.  4 


By  Stock 

By  Merchandize 

By  John  Nash 

By  Balance  due  of  him, 


Jan.    1 


Jan. 10 


Jan.    6 
Feb.20 


Contra^ 


Cr. 


By  Stock 

By  Sundries 

By  Phoenix  Co.  for  my  Bill  on  him, 
their  favor,  for 


Contra^ 


Cr. 


By  Stock,  for  Amt.  Bills  due  of  me 


Contra^ 


Cr 


By  Sundries,  at  .40  per  yard,  600yds. 


Contra^ 


Cr. 


2  By  Shalloon 

5  By  Voyage  to  Hamburgh,  consigned 

to  Moses  Martin 
10  By  JohifNash 


M 


3000100 


3584  00 


200 '00 

roooo 


900  00 


756 


300 
314 


614 


3149 


240 


OO 
OO 

lO 
lO 


7S 


00 


180 

6750 
2000 

8930 


00 

00 
00 

QP 


Chandlery^ 


Dr. 


1817. 
Jan.    7 


reb  28 


Feb.  4 


Saw.    9 


Jan.  17 


Feb.  28 


To  Phoenix  Co.  at  4.72  per  Box,  for 

1::7  B.-ixes  Candles 
To  d(i.  at  5.50  for  95  Boxes  Soap 
To  IVufit  and  Loss  gained 


P/icenix  Company, 


Dr, 


To  Sundries  paid  in  full 


Checks, 


Dr. 


Td  Wine,  at  16.25  per  pee.  20  pes, 


Jan.  IS 
Feb. '28 


Butter, 


Dr- 


Price.  Fir.  Mrk. 
i    8.23    20     BS     165.00 

To  Will.  SheUard,  <  9.50  20  hb   190.00 

(  10.75     10    T  1     107.50 

To  Profit  and  Loss  gained 


Voyage  to  Hamhurs;h, 


Dr. 


I'o  Sundries  consigned  to  M.  Martin 
To  Profit  and  Loss,  gained 


5 

603 
522 
200 

1325 
1125 

25 
50 
00 

75 
75 

0 

325 

00 

462 
165 

50 
00 

627 

50 

6 

8651 
4003 

25 
60 

12654 

65 

JJ3 


Contra^ 


Cr. 


1817. 
Feb.2r 

26 

5> 

11 

j> 

3 

• 

10 
11 

11 

By  Cosh  for  50  Boxes  Soap,  a:  8.  per 
By  Cash  for  60  do.  Candlts,  al,  6. 
By  Balance  45  do.  Soap,  at  5.50  > 
67  do.Cand!es    4.75  ^ 

1 

'^ 

5 

1 

8 

400 
360 

565 
1325 

00 
00 

75 
75 

1125 
325 

Contra^                                    Cr, 

Jan.    r 

By  Chandlery 

75 

Contra^                                    Cr, 

Feb^ 

By  Balance  unsold,  20  pieces 

• 

00 

280 
240 
107 

Contra^                                    Cr, 

Fe6.16 

28 

Bv  Cash,  14.  per  firk.  for  20  firk.  e  s 
;>y  Cash,  12.  per  do.   for  20  do.  h  b 
By  Balance,  10.75  for       10  do,  t  f 

00 
00 
50 

6ir 
12654 

50 

Contra,                                    Or, 

Peb.26 

By  Moses  Martin  for  net  proceeds 

85 

r«] 


&4 


Commission^ 


Dr. 


1817   I 
Feb.  28 


Jan.  2-^ 


Jan.  22 
Feb.20 


Jan.  25 

2» 

Feb.e 

2v 


To  Profit  and  Loss  gained  by  this  acct. 


Merchandize, 


Dr. 


To  Joseph  Otis 


John  Nashj 


Dr, 


•  >  Sundries 
Fo  Sundries 


Pro^^  and  Loss, 


Dr. 


To  Cash,  lost  a  Bank  Note  of 
To  Bills  Keceival)lc,  lost  by  Disct. 
To  Wine  bottled  for  my  own  use 
To  J.  Thornhill,  for  an  abatement 
To  charges  expended,  2  months  past 

•Vmount  of  my  loss,  2  months  past 
To  Stock,  for  my  net  gain  on  trade 


6 

609 

4 

3584 

3908 
678H 

106^ 

1 
3 

1 
i 

50 

6 

78 

1792 

314 

2242 
10232 

12474 

18 


00 


31 
32 

63 


00 
50 
75 
00 

88 

13 
27 

40 


hj) 


Contra^ 


On 


L^i 


1817. 
Jan.  20 

22 

Feb.  2 

2b 


Jan. 22 


Feb.  2 
12 

28 


Jan.  25 

30 

Feb.28 


By  Cash  received  for  a  remittance  to 

Hamburgh 
By  John  Nash  for  goods  remitted  him 
By  Goods,  on  acct.  John  Nash 
By  John  Nash 


Contra, 


Cr. 


By  John  Nash,  of  Leh or  n 


Contra, 


Cr. 


By  Sales  of  Goods  on  his  acct.  for  net 

proceeds 
By  Cash  received  of  John  Chandler, 

for  my  bill  on  you 
By  Balance  due  of  him 


Contra, 


Cr. 


By  Cash  received,  a  Legacy  of 

By  Bills  payable,  gained  by  discount 

By  Linen  gained  thereby 

By  Duroy 

By  Muslin 

By  Wine 

By  Brandy 

By  Shalloon 

By  Chandlery 

By  Butter  " 

By  Voyage  to  Hamburgh 

By  Commission 

By  Interest 

Amt.  of  my  gain,  these  2  months  past 


1 

20 

6 

ler 

7 

99 

6 

p22 

609 

e 

•85«4 

7 

1490 

! 

8 

1100 

1068<' 

1 

4000 

4 

9 

2 

1650 

5) 

2l 
1023 

3 

64a 

4 

60 

5 

200 

>5 

J5 

165 
4003 

6 

S09 

7 

84 

i2474 

00 

6 

30 

32 

18 


00 


70 

00 
93 

63 


00 
34 
00 
60 
00 
50 
00 
00 
00 
00 
60 
18 
18 


8G 


t/^  J 


Charges, 


Dr. 


1817. 
Ja»i.  31 

Feb.28 


To  Cash  paid  Sundry  Charges,  this 

monrh 
To  Cash  paid 


Jan.  27 
Feb.  2 


Feb.28 


Feb.  6 


^ 


b.26 


Goods  on  Acct.  /.  Nash^         Dr. 


To  Cash  j)aid,  Cliarges 

Fo  Sundries,  for  closing  the  Acct. 


Interest, 


Di 


To  Profit  and  Loss  gained 


9 


11 


James  Thorn/iill, 


Di 


To  Brandy 


Moses  Martin,  Hamburgh,     Dr, 


To  Voyage   to  Hamburgh,  for  net 
proceeds 


198 
116 


31: 


198 
1590 

1788 


84 


88 
00 


00 
00 

00 


18 


2240 


12654 


00 


8d 


87 


Contra^ 


Or. 


lU 


1817. 
F8b.28 


Feb.  2 


Jan.  27 

Feb.  4 


Feb.22 


Feb. 14 
28 


10 


10 


By  Profit  and  Loss,  lost 


Contra, 


By  Sundry  Accts. 


Contra^ 


By  Cash  received  for  Discount 
By  Phooenix  Company,  do.  do. 


Contra, 


By  Sundries 


Contra, 


By  Bills  Receivable 
By  Balance 


71: 


314 


88 


1788 


00 


44 
39 

84 


2240 


1000 
11654 


30 
38 

18 


00 


00 

85 


88 


[8] 


Balance, 

Dr. 

1817. 

Feb.  28 

To  Cash  remaining  in  hands 

1 

10141 

44 

» 

To  Tobacco,  2hhds.  27cwt.  3qrs.   141b. 

12.75  percwt. 

355 

41 

9) 

To  Broad  Cloth,  10  pes.  200yds.  2.60  per 

2 

5dO 

00 

CD.,, 

To  Brandy,  iObWs.  320  galls.  1.40  per 
To  Bills  Receivable,  foramt.  Bills  in  hand 

3 

448 

00 

?> 

), 

2890 

00 

J5 

Joseph  Otis,  due  to  me 

4 

700 

00 

J) 

Chandlery,  for  45  Bnxes  of  Soap,  at  5.50  per     247.50  \ 
67  ditto  Candles        4.75           318.25$ 

5 

665 

75 

» 

Checks  for  20  pieces,  at  1 6.25 

326 

00 

T.  I.  „ 

Butter  for  10  firkins  at  10.75  per 

5J 

107 

50 

» 

John  Nash,  due  to  me 

6 

8096 

93 

5> 

Moses  Martin 

V 

Amt.  my  property,  at  closing  these  books 

7 

11654 

85 

35784 

88 

Dr.                 TRIAL 

Stock, 

8492 

75 

Cash,               

24029 

00 

Tobacco, 

1630 

41 

Linen, 

2100 

00 

Duroy,                

168 

40 

Muslin, 

184 

00 

Broad  Cloth, 

500 

00 

Wine,              .                  •                  • 

3407 

50 

Brandy,                                 •         •    ^< 

2048 

00 

^ 

Bills  Recivable       •         .                  •         • 

5016 

20 

— 

47566 

26 

William  Shellard,        .        .         •        • 

0000 

00 

Joseph  Otis,  .. 

900 

00 

Samuel  Hay, 

'    372 

00 

*»    Bills  Payable,          .... 

2256 

75 

Shalloon,    •         •                  •         •         - 

180 

00 

Joseph  Selden,       •         •         •         •         . 

80 

00 

Chandlery, 

1125 

75 

Checks, 

325 

00 

'j2'?Q 

60 

Butter,         .         •         •         •         • 

462 

50 

«/iO«7 

Voyage  to  HambJft'gh,    .         •        •        • 

8651 

25 

Commission,       '         '         '         '       m 

0000 

00 

John  Nash,     •   ^  ' 

Profit  and  Loss,"       .... 

10687 

63 

1927 

25 

^^harges,         '      m         '         '         '        ' 

314 

88 

000 

00 

• 

^^^^es  Martin, 

12654 

85 

34698 

36 

( 

87504 

12 

89 


Contra^ 


a. 


[B] 


1817. 
Feb.  28 


By  William  Shellard,  due  to  him 

By  Samuel  Hay 

By  Bills  Payable,  for  amt.  Bills  due  of  me 

By  Joseph  Selden  due  to  him 

Amount  of  Debts  due  of  me 
Bly  Stock,  foF  my  net  property 


3 

2049 

4 

242 

>j 

893 

j> 

8850 

12034 

1 

23750 

35784 

50 
10 
00 
00 

60 

2S 


BALANCE. 

Cr. 

Stock, 

22010 

76 

Cash, 

13887 

56 

Tobacco, 

1275 

00 

Linen,     ..:... 

3750 

00 

Duroy, 

180 

00 

Muslin, 

192 

00 

' 

Broad  Cloth,                 .         .         . 

000 

00 

Wine,      ...... 

4431 

00 

Brandy, 

2240 

00 

Bills  Receivable,     .... 

2126 

20 

50092 

52 

William  Shellard,    .         •         •         . 

2049 

50 

Joseph  Otis,         .         .         .         .         ♦ 

200 

00 

Samuel  Hay,           .... 

614 

10 

Bills  Payable      ..... 

3149 

75 

Shalloon, 

240 

00 

Joseph  Selden 

8930 

00 

Chandlery,              ..... 

760 

00 

Checks,     ...... 

000 

00 

15943 

35 

Butter, 

520 

00 

Voyage  to  Hamburgh, 

12654 

85 

Commission,          .         .         ... 

609 

18 

John  Nash, 

2590 

70 

Profit  and  Loss,     .         .         .         .      -  .    | 
Charges,  < 

f     4009 

34 

0000 

00 

Interest, 

84 

18 

Moses  Martin,          .... 

1000 

00 

21468 

25 

N 

87504 

12 

THE  MANNER  OF 


CLOSING  THE  LEDGER. 


Amount  Dr.  side,  Cash    .    .    .    24029.00 
Amount  Cr.  side 13887.56 

Difference,  By  Balance  10 1 4 1 .44 


Amount  Dr.  side  Tobacco 
Amount  Cr.  side      .     .    . 


1630  41 
127.').00 


Diffa-ence,  By  Balance,  unsold     335.41 


Amount  Cr.  ride  Linen 
Amount  Dr.  side      .     , 


3570  00 
2100  00 


To  profit  and  Loa,  gained 


1630.00 


Ci  edit  side  Duroy 
Debtor  side 


180  00 
15840 


To  Profit  ind  Lois,  gained 


21.60 


Credit  side  Mutlin 
Debtor  Fide      .    . 


192.00 
184  00 


To  Profit  and  Low  pained 


.00 


Deb  or  «ide  Bro:id  Cloth 
By  Balance  unsold    ,     . 


500.00 
500  00 


Amount  Cr.  side  Wine  . 
Amount  Dr.  side 


4431.00 
3407  50 


To  Profit  and  Loss,  gained         1023.50 


Credit  side  Brandy        .... 
By  Balance,  at  1.40  per  gall,  for  10 
Barre's,  320  gallons     .     .     . 

Amount  Cr.  side  Brandy        .    . 
.Amount  Dr.  side  .... 


2240.00 
448.00 


2688  00 
2048.00 


To  Profit  and  Loss,  gained 

64000 

Amount  Dr.  side  Bills  Receivable 
Amount  Cr.  side 

501620 
2126  20 

By  Balance  in  hands 

2890.00 

■\Vm.  Shellard,  arat.  Cr.  side    .     . 

2049.50 

To  Balance  due  to  him 

2049.50 

Joseph  Otis,  Dr.  side          .    .     . 
Credit  side 

By  Balance  due  of  him 

900  00 
200.00 

700  00 

3amncl  Hav,  amt.  Cr.  side     .    . 
Debtor  side                         '    'M 
To  Balance  due  lo  him 

614.10 

372.00 

242710 

Bills  Payable,  Cr.'side 
Amount  Dr.  side 


3149.75 
2256.75 


To  Balance,  for  amt.  due  of  me    893.00 


Shalloon,  Cr.  side 
Debtor  side 


To  Profit  and  Loss,  gained 


240.00 
180.00 

60.00 


Joseph  Seldon,  amoimt  Cr.  side        8930.00 
Debtor  side 80.00 

To  Balance  due  to  him  8850.00 


Chandlery,  amonnt  Cr.  side    .    .  760.00 

45  Boxes  Soap,  at  5.50  per  Box  .  247.30 

67  ditto  Candles,  at  4.75        .    .  318.23 

By  Balance,  unsold  565.75 

760.00 

Amount  Credit  side      ....  1325.75 

Amount  Debtor  side      .     .     .     .  1125.75 

To  Profit  and  Loss,  gained  200.00 


Checks,  Dr.  side 


325.00 


By  Balance,  unsold,  20  pes.  cost    325.00 


Butter,  Cr.  sitle  .         ...         520  00 

By  Balance,  unsold,  at  10.75  per  fir- 
kin, for  10  firkins        .     .    .        107.00 


627.50 
462  M) 


Amornt  Credit  side 
Debtor  side 


To  Profit  nnd  Loss,  gained  by  this 

account  165.00 


Voyage  to  Hamburgh,  Cr.  side  .     12654.8,'' 
Debtor  side  865125 

To  Profit  and  Loss,  gained  by  this 

account  4003.60 


Commission  Cr.  side    .... 

609.18 

To  Profit  and  Loss,  gained  by  this 
account 

600.1? 

John  Nash,  amount  Dr.  side     . 
Amount  Cr.  side                ... 

By  Balance,  due  of  him 

10687.6.'? 
2590.70 

8096.93 

Charges,  amount  Dr.  side  .     .     . 
By  Profit  and  Loss,  lost 

314.88 

5M.88 

Interest  amount.  Credit  side    .     . 

84.18 

To  Profit  and  Loss  gained 

84.18 

Moses  Martin,  Dr.  side 
Credit  side 

Bv  Balance  due  ofhim 


12654.8:^ 
1000.00 


.1654.8.' 


THE 

SECOND  SET  OF  BOOKS. 

WASTE  BOOK,  B.  or  No.  2. 

THE  PROPERTY  OF  A.  B. 

MARCH  IsL   1817. 


92 


[1] 


New-York,  March  1.  1817. 


Inventory  of  my   ivhole  Estate,  consisting  of 
Moneys  Goods^    and  Debts,    owing  to  and  by  me, 
A.  B,  of  Neiv-York,   Merchant,  as  per  Dr,  side 
of  Balance,  Ledger  Nu,  1.  taken  this  day* 
1  i  have  in  ready  in  an^y, 
2  hhds.  Tobacco,  nt.  wt.  2rcwt.  3q.  Ulbs.  at 

12.75  per  cwt. 
10  pieces  Broad  Cloth,  200yds.  at  2.50  per  yd. 
10  bbls  Brandy,  320  galis.  at  1.40  per  gall. 
6F  boxes  Candles,  at  4.75  per  box,  318.25 

45     do.     Soap,  6.50  247.50 


20  pieces  Checks,  at  1 6.25  per  piece, 
10  firkins  Butter,  at  10.75  per  firkin, 

Bills  Receivable,   for  the  following  bills  in 
hand  : 
No.  203,  on  William  Raymond,  due 

March  3,  for 
No.  247  on  Dalton  &  Co.  due  March 

8,  for 
No.  1,  on  John  Fine,  due  April  6,  for 
No.  2,  on  Israel  Johnson,  due  April 

16,  for 


600.00 

200.00 
2000.00 


90.00 


Joseph  Otis  owes  me 
John  Nash  owes  me 
Moses  Martin  owes  me 


I  am  indebted  as  follows,  viz. 
To  William  Shellard, 
To  Samuel  Hay, 
To  Joseph  Selden, 

Bills  Payable,  for  the  following  bills  accepted 
by  me: 
No.  37,  drawn  by  Thomas  Shaw,  due 

March  30,  for 

47,  drawn  by  John  Bradshaw, 

due  March  30,  for 


10141 

355 
500 
448 


565 
325 
107 


2890 

700 

8096 

11654 

35784 


44 

41 
00 
00 


75 
00 
50 


648.25 


No, 


244.75 


2049 

242 

8850 


893 


12034 


00 
00 
93 
85 

88 

50 
10 
00 


00 


60 


93 


Neiv-York,  March  1.  ISlT". 


[2] 


Sold  2  hhds.  Tobacco,  nt.  wt.  2rcwt.  3q.  141bs. 
at  V2.75  per  cwt.  for  ready  money, 

Mote, — As  the  sales  were  for  ready  money,  de- 
bit cash  for  the  sum  received,  and  credit 
Tobacco  for  tlie  same  amount. 


Sold  Samuel  Hay  20  pieces  of  Checks,  at  15. 

per  piece, 
Note. — As  the  goods  were  sold  on  time,  debit 

Samuel  Hay,  and  credit  Checks  for  the  value 

thereof. 
3 


Bought  of  Thomas  Johnson  20  pieces  of  Broad 
Cloth,  500yds.  at  2.50  per  yard,  payable  on 
demand, 

liote. — Because  the  cloth  was  purchased  on  trust, 
debit  it  for  the  cost,  and  credit  T.  Johnson 
for  its  value  ;  for  whatever  is  received  by 
you  is  Dr.  to  the  person  from  whom  you  re- 
ceive it,  when  nothing  is  given  in  return. 

—  5 


Delivered  John  Vallens,  to  sell'for  his  account 
and  mine,  each  one  half,  30  pieces  Bro  id 
Cloth,  roOyds.  at  2.50  per  yd. 

Note. — When  you  purchased  the  cloth,  you 
charged  it  with  the  first  cost ;  now,  as  you 
entered  it  in  company,  you  must  credit  it 
for  the  price  it  stands  you  in,  by  which 
means  you  will  clear  the  account  of  the  o- 
riginal  charge.  Next,  open  John  Vallens 
my  account  in  Company,  and  debit  it  for 
one  half  the  value  of  the  cloth,  for  your 
part,  and  John  Vallens  for  the  other  half,  as 
you  advanced  his  ghare  of  goods  in  compa 
ny. 

6 


I  have  insured  2000.  on  the  brig  Mary,  of  New- 
York,  bound  to  Lisbon,  belonging  to  James 
Thornhill,  and  received  the  premium  at  10 
per  cent.  • 

Note.— Debit  Cash,  and  c*edit  Insurance  for  the 
money  received.  x 


355 


41 


300 


00 


1250 


00 


1750 


00 


200 


94 


L^J 


NeiV'York^  March  7,  18i7 


I  have  lent  Thomas  Shaw,  on  Bottomry  of  his 
ship,  the  Ontario,  bound  to  Hamburgh,  one 
thousand  dollars,  to  be  paid  to  Moses  Mar- 
tin, my  factor,  on  her  safe  arrival  there, 
with  30.  per  cent.  Interest  for  my  risk. 

Note, — Debit  Bottomry,  and  credit  Cash  for  the 
money  paid. 

9 


Received  of  William  Raymond,  for  his  Bill,  No. 
*203,  due  the  3d  inst. 


Received  the  amount  of  Dalton  &  Co.'s  Bill, 

No.  247, 
Note, — Debit  Cash,  and  credit  Bills  Receivable 

for  amount  of  both  the  bills. 
11 


at 


Sold  Thomas  Johnson  10  Firkins  of  Butter, 

12.  per  Firkin, 
Note, — Debit  T.  Johnson,  and  credit  butter  for 

the  value  thereof. 

12 


Received  of  John  Vallens,  in  full  for  his  half 
share  of  Broad  Cloth  in  Co. 

Note. — As  you  charged  John  Vallens  with  the 
half  of  Broad  Cloth  in  Co.  which  you  ad- 
vanced for  him  ;  now,  as  you  are  paid,  de- 
bit cashi  and  credit  him  for  the  money  re 
ceived. 


Lent  Thomas  Knowels,  on  Bottomry  of  his  ship, 
the  Juno,  bound  to  Stockholm,  two  thousand 
dollars,  to  be  paid  me  on  her  return  to  New- 
York,  with  20  per  cent.  Interest  for  my  risk, 
in  pursuance  of  which  contract,  I  have  giv- 
en him  my  Bill  on  James  Thornhill,  at 
sight,  for 

Note, — As  the  contract  was  performed  by  means 
of  the  draft  which  was  paid  T.  Knowels,  on 
sight,  therefore,  debit  Bottomry,  and  credit 
J.  Thornhill  for  the  value  of  the  bill. 


1000 


600 


200 


120 


875 


00 


00 


00 


00 


00 


2000 


00 


95 


Mew-York,  March  13.  18ir. 


[4] 


Paid  John  Vallens  for  my  half  share  of  1 2  hhds. 

of  Tobacco,  which  he  bought  on  our  joirit 

acet. 
Note, — The  Tobacco  being  purchased   in  Co. 

and  paid,  you  must  debit  John  Vallens  my 

acct.  Co.  and  credit  cash. 
15 . 


Sold  Thomas  Johnson  1 0  bbls.  Brandy,  320  gals 

at  \Jb  per  gall. 
Note* — The  Brrndy  being  sold  on  time,  debit  T. 

Johnson,  and  credit  Brandy  for  its  value. 

The  person  to  whom  you  deliver  any  thing 

is  Dr.  to   the  thing   delivered  him,  when 

nothing  is  received  in  return. 


Bought  of  James  Ward,  TO  pieces  of  Flowered 

Stuffs,  at  8.  per  piece. 
Note, — Debit  Stuffs,  and  credit  James  Ward,  as 

you  purchased  the  goods  on  time. 

16 


Bought  of  James  Ward,  for  account  of  James 
Thornhill  and  self,  each  one  half,  20  hhds. 
Spirits,  containing  2058  gallons,  at  1.  per 
gal.  payable  on  demand. 

Note  1. — As  the  spirits  was  purchased  on  trust, 
debit  rum,  in  Co.  with  James  Thornhill,  and 
credit  James  Ward. 

2. — The  reason  the  manager  does  not  charge 
James  Thornhill  with  his  half  of  the  spirits, 
is,  that  he,  alone,  is  answerable  to  James 
Ward  for  the  same,  and  retains  the  whole 
of  the  sales  ;  he  allows  Thornhill,  only, 
but  his  share  of  the  profits. 
18 


John   Vallens   having  disposed   of  our  Broad 
Cloth  and  Tobacco  in  Co.  has  paid  me  my 
share  of  the  net  proceeds,  as  follows,  viz. 
Cash,  received  of  him,  400.00 

50  pieces  Linen,  at  8.  per  piece,  400  00 

Bill  on  Joseph  Selden,  at  3  months,  for   600.00 


400 


0(!) 


560 


00 


560 


00 


2058 


00 


1400 


00 


96 


t5] 


New-Yorky  March  18.  1817. 


6 


Note. — The  things  received,  are  Dr.  to  the  raeans 
by  which  th'ey  were  acquired  ;  and  as  you 
received  these  payments  of  your  partner,  by 
means  of  your  concerns  in  Co.  with  him, 
therefore,  debit  Cash,  Linen,  and  Bills  Re- 
ceivable, each  for  its  value,  and  credit 
John  Vallens  my  acct.  iri  Co.  for  the  whole 
amount,  in  order  to  clear  the  account  of  the 
first  cost,  and  ascertain  the  gain  or  loss 
thereon. 


Received  of  Moses  Martin,  of  Hamburgh,  his 
Bill  on  Israel  Johnson,  at  sight,  who  paid 
me,  being  in  full  of  said  Martin's  account, 

Note. — As  the  money  was  received  by  means  of 
the  bill  on    Johnson,    consequently,    you 
must  debit  cash,  and  credit  Moses  Martin. 
20 


Paid  James  Ward  for  amount  of  Stuffs, 
Note. — Debit  James  Ward,  and  credit  Cash. 


Paid  per  Cartage  and  other  charges  on  Rum  in 

company  with  J.  Thornhill. 
Note. — As  the  Goods  are  to  be  charged  with  all 

e>fpences,  debit  Rum  in  company  with  J. 

Thornhill  and  credit  Cash. 
21 '■ 


Bought  of  William  Raymond,  the  Ship  Endea- 
vour in  company  with  J.  Thornhill,  each 
one  half, 

I  have  paid  him  my  half,  1500.00 

^James  Thornhillhis  half,  1500.00 


Note. — The  Vessel  being  purchased  in  com- 
pany and  paid  for,  debit  Ship  Endeavour 
in  company  with  J.  Thornhill  for  her  va- 
lue, credit  him  for  his  half,  and  Cash  for 
your  half. 


11654 


560 


10 


3000 


85 


00 


50 


50 


New-York,  March  23.  ISIL 


[6] 


144 


00 


6  James  Thornhill  has  insured  2400.  at  6  per  cent, 
being  the  principal  and  premium  of  2000 
lent  to  Thomas  Knowels  on  Bottomry  of 
his  Ship,  the  Juno,  bound  to  Stockholm, 
N^ote, — James  Thornhill  having  insured  your 
contract    with  Thomas   Knowels  on   the 
Ship  Juno,  for  which  you  did  not  pay  him 
at  present,  as  the  fate  of  the  voyage  was  not 
known,  you  must  debit  Bottomry  for  the 
premium  of  Insurance,  and  Credit  Thorn 
hill.     If  the  ship  arrives  safe,  hemust  be 
paid ;  therefore.  Debit  him,  and  Credit  Cash 


6 


6 


Sold  10  Hhds.  of  Spirits,  in  Company  with  James 
Thornhill,  1000  gal.  at  1.50  per  gal. 

Note*-^-The  sales  being  for  ready  money,  debit 

cash,  and  credit  Rum,  in  Co.  with  James 

Thornhill. 

^25 . 


Paid  James  Ward  in  full  of  Spirits,  in  Co.  witl 

James  Thornhill, 
N^ote. — Debit  James  Ward,  and  credit  cash  for 

the  money  paid. 

-26 r 


Paid  Adam  Brown,  for  rep-iirs  on  ship  Endea- 
vour, in  Co.  with  James  Thornhill, 

N'ote, — Debit  ship  Endeavour  in  Co.  and  credit 
cash. 


Received  from  J(^hn  Nash,  of  Leghorn,  for  thr 
Balance  of  his  account,  a  Bill  on  Williani 
Shellard,  at  3  months,  who  has  accepted  the 
same, 

^ote. — As  you  are  paid  by  the  acceptance  of  the 
Bill  remitted,  if  it  be  discharged  when  due, 
however,  at  present,  debit  Bills  Receiva- 
ble, and  credit  John  Nash.  For  the  per- 
son who  accepts  a  Bill,  is  Dr.  to  him  who 

remits  it  to  you. 

07 , 


Samuel  Hay  has  paid  me  the  Balance  of  his  ac- 
count, 
JSfote. — Debit  Cash,  and  credit  Samuel  Hay. 


1500 


00 


2058 


100 


00 


00 


8096 


93 


57 


JO 


O 


9a 


[7] 


Nen-York,  March  20,  1817. 


Received  of  Joseph  Otis,  the  amount  of  his  ac 

coQiit  in  fall, 
29 


Sold  Samuel  Hay,  the  Ship  Endeavour,  in  Co. 

with  James  Thornhill,  for 
Note. — The  vessel  being  sold  on  Cr.  debit  Sa 

muel  Hay,  and  credit  ship  Endeavour  in  Co. 
30 — 


Paid  Thomas  Shaw  the  amount  of  his  Bill,  No. 

37, 
Note, — When  you  accepted  the  bill,  you  credit 

ed  it  for  its  value,  now,  as  it  is  paid,  debit 

bills  payable ,  in  order  to  balance  the  for 

mer  entry,  and  credit  Cash. 


Paid  John  Bradshaw  for  his  Bill,  No.  47, 
31  


8 


Received  certain  advice  that  the  ship  Juno,  be- 
longing to  Thomas  Knowels,  is  lost  on  her 
voyage  to  Stockholm,  on  Bottomry,  of 
which  I  lent  said  Knowels  2000.  to  be  re- 
paid with  '20  per  cent,  premium,  in  case  of 
her  safe  arrival  there. 

James  Thornhill  has  insured  the  above  sum,  at  a 
premium  of  6  per  cent. 

Note — By  the  loss  of  the  ship  Juno,  on  her  pas- 
sage to  Stockholm,  you  forfeited  the  2000. 
lent  Thomas  Knowels  on  the  IxUtom  or  keel 
of  said  vessel,  with  the  premium  thereon ; 
James  Thornhill  having  insured  your  risk 
is  answerable  for  the  same,  therefore,  debit 
him,  and  credit  bottomry. 


Paid  sundry  charges  this  month,  as  per  Book,  of 
House  Expenses, 

April  1,  1817. 


Sold  67  Boxes  of  Candles,  at  .5.  per  Box, 
Note. — Debit  Cash,   and  credit  Chandlery  for 
the  money  received. 


700 
4100 

648 


00 


00 


25 


244 


75 


2400 


00 


150 
335 


00 
00 


99 


New- York,  April  2,  18 IT. 


[8] 


Bought  of  Joseph  Otis,  10  Hhds.  of  Brandy,  con- 
taining^ 1000  galls,  at  1.50  per  gall,  in  pay- 
ment of  which,  I  have  given  him  my  Bill  on 
John  Nash,  of  Leghorn,  at  30  days  sight,  for 

N^oie, — Having  purchased  the  Brandy  of  J.  Otis, 
in  consequence  of  the  Bill  drawn  in  his  fa- 
vour, and  as  the  thing  received  is  Dr.  to 
the  means  by  which  you  acquired  it,  there- 
fore, debit  Brandy,  and  credit  John  Nash. 


Sold  45  Boxes  of  Soap,  at  6.  per  Box, 
Note, — Debit  Cash,    and  credit  Chandlery  for 
the  sum  received. 

3 


Sold  Joseph  Seiden,  10  Hhds.  Spirits  in  Co.  with 
James  Thornhfll,    1058  galls,  at  1.50  per 
'gall. 
Note, — The  person  to  whom  yon  deliver  any 
thing,  is  Dr.  to  the  same,  when  he  gives 
nothing  in  return,  and  as  the  spirits  was  sold 
on  trust,  debit  J.  Seiden,  and  credit  Rum 
in  Co.  with  J.  Thornhill. 
— . . 4  , 


Sold  John  Bradshaw,  10  Hhds.  of  Brandy,  1000 
galls,  at  1.75  per  gall,  payable  on  demand, 
Note, — Debit  John  Bradshaw,  and  credit  Bran 

5  


Received  from  on  board  the  Eagle,  Merchant- 
man, 40  chests  of  Florence   Wine,  and  40 
do.  of  Oil,  consigned  to  me  by  John  Nash, 
of  Leghorn,  for  my  account. 
First  cost  of  the  Goods,  per  Invoice,        400.00 
Duty  and  other  charges  here,  100.49 

Sold  said  Goods  immediately,  to  John  Johnson, 
and  received  his  Note,  No.  5,  payable  at  6 
months,  for  ■** 

Sales  of  the  Goods,  1750.00 

Cost  and  Charges,  500.49 


Gained  by  the  sales, 


1249.51 


1500 


00 


270 


00 


1587 


00 


1750 


00 


1750 


00 


r»j 


Ne^'Tork,  April  5.  IglT 


Note. — As  the  goods  were  sold  immediately,  be- 
fore you  made  an  entry  respecting  them, 
to  John  Johnson,  for  which  l.e  gave  his 
note,  and  consigned  to  you  on  your  own  ac- 
count, paid  charges  at  landing,  and  ascer- 
tained the  gain  on  the  sales  at  the  same 
time  ;  therefore,  debit  bills  receivable,  the 
thing  received,  for  the  value  of  the  bill,  cre- 
dit John  Nash  for  amount  of  invoice,  cash 
for  charges,  &c.  and  profit  and  loss  for  the 
gain. 


Received  at  the  same  time,  per  said  Ship,  10 
hhds.  of  Corsican  Wine,  consigned  to  me  by 
John  Nash,  to  sell  for  his  account,  paid  duty 
and  other  charges, 

Note. — John  Nash  consigned  the  wine  to  you  on 
his  own  account,  and  as  your  employer's 
goods  must  be  charged  with  all  expenses, 
debit  goods  on  acct.  of  John  Nash,  and 
credit  cash. 


Sold  John  Bradshaw  10  hhds.  wine,  on  the  acct. 

of  John  Nash,  800  galls,  at  2.  per  gall. 
My  Commission  on  the  Sales,  at  5  per  cent. 
Note. — The  wine  being  sold  on  trust,  debit  J. 

Bradshaw,  and  credit  goods  on  acct.  of  John 

Nftsh  for  the  value  thereof. 


175 


00 


1600 
80 


00 
00 


101 


[10] 


10 


Shipped  on  board  the  Neptune,  Samuel  Johnson, 
master,  the  following  goods,  in  Co.  with  S. 
Hay,  J.  Otis,  and  self,  each  1-3  concerned, 
and  consigned  to  James  Walker,  Merchant, 
at  New-Orleans,  to  sell  for  our  account, 
without  due  regard  to  our  proportion,  pur 
posing  to  t^just  that  with  money  hereafter. 

300  Pieces  Serge,   at  5.  per  piece, 
furnished  by  Samuel  Hay, 

100  Pieces  Swansdown,  at  8.  per  ; 
100  pieces  of  Flannel,  at  5.  per 
piece,  furnished  by  J.  Otis, 
70  Pieces  Stuffs,  at  8.  per 
piece,  furnished  by  me, 

I  have  paid  charges, 

I  have  also  paid  the  Globe 
Insurance  Co.  for  Insur- 
ing 3360.  at  3  per  cent, 
on  the  adventure, 


1500.00 


1300.00 


560.00 
30.00 


100.80 


-690.80 


Note. — Debit  the  adventure  for  all  costs  and 
charges,  credit  Samuel  Hay  and  Joseph  Oris 
each  for  their  sharesa  dvanced,  stuffs  for  its 
value,  cash  paid  insurance,  and  charges,  for 
your  share. 


John  Bradshaw  has  failed — I  have  compounded 

the  debt  with  him,  at  70  per  cent. 
Received  for  myself,  1225.00 

Received  for  John  Nash,  1120.00 

Allowed  for  myself,  525.00 

Allowed  for  John  Nash,  480.00 


John  Bradshaw  owed  me 

Ditto,  for  John  Nash, 


1750.00 
1600  00 


3350.00 


3490 


30 


3350 


00 


n] 


102 
NenirYorky  April  7,  181/, 


11 


11 


Vbatenient  on  1 750.  at  70  per 

cent,  is  525.00 

Abatement  on  1600.  at  70  per 

cent,  is  480.00 


1750—525  = 
1600—480= 

Proof, 


1005.00 
1-225.00 
1120.00 


3350.00 


Note. — Although  J.  Bradshaw  paid  but  70  per 
cent,  nevertheless,  he  must  be  credited  for 
the  amount  due,  as  you  agreed  for  the  com 
position  to  grant  him  a  fuU  discharge  ; 
therefore,  credit  him  for  the  whole  debt 
debit  cash  for  the  money  received  for  self 
anc!  employer,  profit  and  loss  for  your  a- 
batement,  and  John  Nash  for  his  abatement. 


Upon  adjusting  accounts  with  Samuel   Hay  and 
Joseph  Otis,  respecting  adventure  of  New- 
Orleans,  there  ap{)ears  due  to  both  of  them, 
from  me,  which  1  have  paid,  viz. 
To  Samuel  Hay,  336.40 

To  Joseph  Otis,  136.40 


Total  amount  of  the  adventure, 


8490.80 


This  sum  divided  by  3,  each  partner's 

share  is     ,  1163.60 

Samuel  Hay  advanced  goods  to  the  a- 

mount  of  1500  00 


He  advanced  too  much,  by  this  sum,  336.40 


Joseph  Otis  furnished,  in  Goods, 
His  share  of  the  adventure. 


1300.00 
1163.60 


The  money  I  must  pay  him,  as  it  ex- 
ceeds his  proportion,  is  136.00 


472 


80 


103 


Nen-Yorhy April  7,  18 IT. 


[12] 


12 


12 


12 


13 


I  have  advanced,  in  Money  and  Goods,     690.80 
My  share  of  the  adventure,  1 1 6^>.t»0 


This  sum  I  must  pay  b  ;th  partners,  472.80 


Paid  Samuel  Hay, 
Paid  Joseph  Otis, 

Proof, 


336.40 
136.40 


472.80 


8 


Received  of  Samuel  Hay,  in  full  of  Ship  Endea 

vour,  in  Co.  with  James  Thornhiil, 
Note. — Debit  Cash,  and  credit  Simuei  Ha5\ 


Bought  of  Wiliiam  Shellard,  500  Barrels  of  Beef 
at  10.  per  Barrel;  Shipped  said  Beef  on 
board  the  Harriot,  Manning,  for  Lisbon, 
and  consigned  to  Philip  Jennings,  Merchant, 
there,  to  sell  for  my  account. 
First  Cost  of  the  Goods,  5000.00 

Charges  paid  thereon,  300.00 


Note. — The  adver^ture  must  be  charged  with  all 
expenses,  therefore,  debit  voyage  to  Lis- 
bon for  the  Erst  cost  with  the  money  paid 
thereon ;  credit  William  Shellard  for  the  va 
lue  of  the  fteef,  as  nothing  was  given  in  re- 
turn, and  cash  for  the  charges. 
9 


Samuel  Hay,  Joseph  Otis  and  myself,  resolving 
to  trade  again  in  Co.  have  bought  of  George 
Wood,  30  tons  of  Train  Oil,  at  100.  per  ton, 
payable  on  demand, 

Note. — As  the  Oil  was  purchased,  and  nothing 
given  in  return,  debit  Oil  in  Co.  and  cre- 
dit George  Wood  for  the  value  thereof. 
: 10 


Received  of  John  Fine,  the  amount  of  his  Bill, 

No.  1, 
Note. — Debit  Cash,  and  credit  Bills  Receivable. 


4100 


5300 


3000 


2000 


00 


00 


00 


00 


[13] 


104 
New- York,  April  10.   1817. 


13 


13 


14 


Samuel  Hay,  Joseph  Otis  and  myself,  have  paid 
George  Wood  in  full  of  Oil,  in  Co.  as  fol- 
lows, viz. 

Samuel  Hay  has  given  him  goods  to  >  j^^  ^^ 
the  value  of  5  -  * 

Joseph  Otis  has  allowed  him  in  account,  1200.00 

I  have  paid  him  in  Money,  1 100.00 


Note. — As  George  Wood  was  credited  for  the 
Oil  when  sold,  you  must  now  debit  him  for 
amount  paid,  credit  Samuel  Hay  and  Jo- 
seph Otis  for  the  respective  sums  advanced 
by  them,  and  Cash  for  the  sum  paid  by  you. 


Sold  James  Grant  one  ton  of  Oil,  in  Co.  at  150 

per  ton,  payable  in  30  days,     ^ 
Note. — Debit  James  Grant,  and  credit  Oil  in  Co. 
for  its  value. 
11  


with 


Samuel  Hay  has  adjusted  our  Accounts 

respect  to  Oil  in  Co.  by  paying, 
To  Joseph  Otis,  200.00 

And  to  me,  100.0<» 


Nolr,-  Simuel  Hay  having  paid  »he  balance  'kie 
i>f  h  m,  with  regard  to  mI  ih  C«».  crr'ii  iiim 
for  ihv  fiiiiount,  debit  J.  Otis  for  the  sum  rr- 
ceivf^d,  and  c^ish  for  your  part. 

1000. — 700.  =  :  00   what  11. ly  has  to  p"iy  his  part- 
ners, 
00. — 1000  =200.  what  Otis  is  to  receive, 

I  1 00. —  '^00  =100.  wliat  I  am  to  receive. 


Sv)ld  John  W  jiston  9  tons  of  Oil  in  Co.  at  150. 

per  ton. 

Received  in  part,  450.00 

Due  on  demand,  900  0' » 


Note. — Having  sold  the  Oil,  part  paid  and  par 
unpaid,  you  must  credit  the  same  for  thi 
value,  debit  cash  for  the  part  received,  and 
John  Whiston^for  the  remainder. 


3000 


00 


150 


00 


300 


00 


1350 


00 


105 


New-York,  April  13.  ISlf. 


[14] 


14 


Bartered  the  remaining  20  tons  of  Oil  in  Co.  at 
120.  per  ton,  for  12  pipes  of  Canary  wine, 
at  200.  per  pipe,  of  the  like  value, 

Note. — The  Goods  received  are  Dr.  to  the  goods 
delivered  ;  therefore,  debit  Canary  in  Co. 
and  credit  Oil  in  Co.  for  their  respective 
quantities  and  values. 

14 


Received  of  John .  Whiston  in  full  for  Oil  in  Co. 
Note. — Debit  cash  and  credit  John  Whiston  for 

the  money  paid  by  him. 
15 


(  debit  Oil  in  Co.  to  Profit  and  Loss  for  my 
Commission  on  the  sales,  2900.  at  3  per 
cent. 


S;3ld  6  pipes  of  Canary,  in  Company,  at  150.  per 
pipe,  for  ready  money, 

16 


James  Grant  has  failed — we  have  Compounded 

his  debt  at  40  per  cent,  for  Oil  in  Co. 
The  Composition  I  have  received  60.00 

The  Abatement  is  •  90.00 


Note. — By  receipt  of  the  composition  money,  and 
abatement  allowed,  James  Grant  has  paifi 
the  balance  of  his  account ;  therefore,  you 
must  credit  him  for  the  whole  debt,  debit 
cash  for  the  money  received,  and  oil  in  Co. 
for  the  sum  abated. 


Received  from  Israel  Johnson,  Bill  No.  2,'  du^ 

this  day. 
Note. — Debit  cash,  and  credit  bills  receivable. 

\7  -,. . 


Discounted  for  John  Shaw,  a  Biil  drawn  by  John 

Brown,  of  Providence,  on  John  Jackson, 

of  New- York,  due  the  23d  inst.  which  sdic! 

Jackson  has  accepted,  for 

Cash  paid  by  me,  970.00 

Discount  allowed  me,  30.00 


2100 


00 


900 


00 


iir 


900 


00 


00 


1.  ( 


«0 


90 


)0 


100* 


00 


[15] 


106 
New- York,  April  IT.   ISIT. 


16 


lb 


16 


16 


Note, — The  bill  received,  was  in  consequence 
of  thu  money  paid  and  the  discount  allowed 
— you  must  debit  bills  receivable  for  the 
va!ut',  credit  cash  tbr  the  money  paid,  and 
projit  and  loss  ior  the  interest  allowed. 


vSamuel  Hay,  Joseph  Oris,  and  myself,  have  divi- 
d(.'i  the  remaining  6  pipes  of  Canary,  in  Co. 
equally  among  us,  at  '200.  per  pipe,  prime 

CMSt, 

Note. — The  Canary  being  all  sold  by  the  divi- 
sion of  the  remainder  among  the  partners, 
credit  Canary  in  Co.  for  the  amount  divi- 
ded, debit  Samuel  Hay  and  J.  Otis,  each  for 
his  part,  and  Canary  for  your  part  retained 


I  Debit  Canary  in  Co.  to  Profit  and  Loss  for  my 
Commission  on  the  total  sales,  2100.  at  3  per 
cent. 

18 


><d(l  James  Wud  >)ne  pipe  of  Cnary,  at 

Note. — Debit  J.  Ward,  and  credit  Canary  for  the 

value. 
1 9 '- 


s  .;d  'hi  n  mainifig  pipe  of  Canary,  at  the  advan 

red  price  of 
Note, — D«  l)it  cash,  and  credit  Canary  for  the  a- 

mount. 
2 1 


KrceiveJ  advice  from  i^hiiip  Jeniiuigs,  of  Lis- 
bon, that  the  Hcirriot  had  arrived  safe,  and 
that  he  had  sold  my  Beef  for  ready  money, 
the  net  proceeds  amounting  to  14^12.  500 
Rees,  at  .70  per  Mill  Ree,  comes  to 

Note, — Voyage  to  Lisbon  must  now  be  closed, 
as  you  received  an  account  sales  from  your 
factor,  and  as  he  is  acc<»untable  for  the  net 
pri'ceeds,  debit  Philip  Jennings  my  account 
current  for  the  value  thereof,  and  credit  the 
voyage  for  the  same  amount. 


1200 


63 
150 

220 


10018 


00 


00 
00 

00 


75 


lor 

NeW'Yorh,  April  1^.  1817. 


[16] 


n 


17 


17 


17 


John  Jackson  has  paid  me  John  Brown's  Bill  on 

him,  favour  John  Shaw,  for 
Note, — Debit  cash,  and  credit  bills  receivable 

for  the  money  received. 


Drawn  on  Philip  Jennings,  at  30  days  sight,  fa- 
vor Harris  &  Co.  for  14312.  500  Rees,  at 
.70  per  Mill  Ree,  who  paid  me  the  value  in 
money, 

Note.^As  you  charged  your  factor  with  the  net 
proceeds  of  voyage  to  Lisbon  when  you  re- 
ceived an  account  sales,  and  have  drawn 
your  bill  on  him  for  amount  due,  for  whir!> 
you  received  payment  in  money  ;  therefore, 
debit  cash,  and  credit  Philip  Jennings  my 
account  current  for  the  value  of  the  bill, 
which  will  balance  his  account. 
25-- 


Remitted  John  Brown,  of  Providence,  n^.y  part- 
ner in  Exchange,  the  following  Bills,  \o  sell 
for  our  Account,  each  one  half. 

Waller  on  Jones,  at  30  days,  for  1000.00 

Warren  &  Fox,  on  Joseph  Butler,  at 

20  days,  1500.00 

Value  paid  at  1 .  per  cent.  Exchange,  25.00 


Note, — Debit  John  Brown,  our  Acct.  Exchange 
in  Co.  and  credit  cash  for  the  money  paid 
for  the  bills  remitted. 

27 '- 


Remitted  John  Brown,  my  partner  in  Exchange, 
to  sell  for  our  Acct  each  one  half. 

Taylor  on  Williams,  at  40  days,  value  paid  by 
an  order  on  John  Jackson,  for 

Note, — As  you  received  the  bill  from  Taylor,  by 
your  order  on  Jackson,  his  favour,  for  the 
amount  thereof,  consequently,  you  must 
debit  John  Brown,  our  Acct.  Exchange  in 
Co.  and  credit  John  Jackson,  for  the  value 
of  said  bill. 


1000 


10018 


2525 


2000 


00 


75 


00 


00 


108 


[in 


New-York,  April  2B.  1817. 


17 


18 


18 


Remitted  John  Brown,  ray  partner  in  Exchange, 
to  sell  for  our  Acct.  each  1-2,  the  follow- 
ing Bills,  viz. 
Vailens,  on  Johnson,  at  10  days,  for        1500.00 
lark,  on  Nightingale,  at  20  days,  for     2000.00 
Value  paid  at  par, 


Note. — Debit  John  Brown,  onr  Acct.  Exchange 
in  Co.  and  credit  cash. 
29 


John  Brown,  my  Tartner  in  Exchange,  has  re- 
mitted me  in  fiill  of  the  following  Bills,  viz. 
Waller,  on  Jones,  1000.00 

Warren  and  Fox,  on  J.  Butler,  1500.00 

Taylor,  on  Williams,  2000.00 

Exchange,  at  2  {rer  cent.  90.00 


Received  said  Brown's  Bill,  on  Joseph  Otis,  at 
sight,  who  paid  me  the  above  amount. 

Note. — Partner's  Account  of  Exchange  in  Co. 
being  charged  with  all  bills  remitted  him 
for  sale,  must  now  be  discharged  for  amount 
of  payment  received,  therefore,  debit  cash, 
and  credit  J.  Brown,  our  Acct.  Exchange 
in  Co.  for  the  Value  of  the  bill. 

30 


Received  of  John  Brown,  my   Tartner  in   h^x- 

change,  in  full  of  the  following  Bills,  viz 
Vailens,  on  Johnson,  1500.00 

Clark,  on  Nightingale,  2000.00 

Exchange  at  2 J  per  cent.  87.00 


Remitted  me  his  Bill,  on  Charles  Lucas,  for  the 
above  amount,  which  I  transferred  to  John 
Jackson. 


3500 


00 


4590 


00 


3587 


50 


109 


NeiV'YorJc,  April  ^0,  ISIT. 


[18] 


18 


Note, — As  your  Partner  paid  you  for  al!  bills  re- 
mitted to  him,  atid  the  last  remittance,  vrhicb 
was  in  full,  beiiig  transferred  to  John  Jack- 
son ;  therefore,  debit  him  for  the  amount  of 
said  bill,  and  credit  J.  Brown,  our  Acct. 
Exchange  in  Co.  for  the  value  thereof,  in 
order,  finally,  to  close  the  Acct.  and  ascer- 
tain the  gain  or  loss  thereon. 

Paid  Sundry  Charges  and  Expenses,  this  month, 
as  per  Book  of  House  Expenses, 

Note, — Debit  charges,  and  credit  cash. 


END  OF  WASTE  BOOK,  B.  or  No.  2. 


121 


00 


THE 

SECOND  SET  OF  BOOKS. 

JOURNAL  B.  or  No.  2. 
THE  PROPERTY  OF  A.  B. 

MARCH  1.  1817. 


Ill 


New-York,  March  1.  1817. 


[1] 


cd2 

2 
2 

Tl3 

s 

3 

4 
4 


.Sundry  Accts.  Dr.  to  Stock  : 
For  the  amount  of  ray  Property,  as  per  Dr.  side 

of  Balance,  Ledger  No.  1,  viz. 
Cash,  for  ready  Money  in  hands, 
Tobacco,  for  2  hhds.  2rcwt.  3q.  14lbs.  at  12.75 

per  cwt. 
Broad  Cloth,  for  10  pieces,  200yds.  at  2.50  per 

yard. 
Brandy,  for  10  bbls.  320gails.  at  1.40  per  gall. 

ru».^A\  ^67  Boxes  Candles,  at  4.  75  per  Box,  318.25 

i^nanaiery,  J45  ditto  Soap,  at  5.50,  247.50 


Checks,  for  20  pieces,  at  16.25  per  piece, 
Butter,  for  10  firkins,  at  10.75  per  firkin. 
Bills  Receivable,  for  amount  of  Bills  in  hands, 
Joseph  Otis  owes  me, 
John  Nash, 
Moses  Martin, 


To  Post  the  first  part  of  the  Inventory, 


1.  Credit  Stock,  Bv  Sundries, 

2.  Debit  Cash,  To  Stock, 

3.  Debit  Tobacco,  To  ditto,  at  12.75 
per  cwt.  for  27cwt.  3q.  I4lbs. 

Debit  Broad  Cloth,  To  do.  at  2.50 

per  yd.  for  10  pieces,  200  yds. 
Debit  Brandy,  To  Stock,  at  1.40 

per  gall,  for  20  barrels,  320  galls. 
Debit  Chandlery,  To  Stock, 
Debit  Checks,  To  do.  at  16.25  per 

piece,  for  20  pieces, 
Debit  Butter,  To  Stock,  at  10  75  per 

firkin,  for  10  firkins. 
Debit  Bills  Ilect-ivable,  To  Stock, 
Debit  Joseph  Otis, 


6. 
7. 

8. 

9. 
10. 


11.  Debit  John  Nash, 

12.  Debit  Moses  Martin, 


35784.88 
10141.44 

355.41 

500.00 

448  00 

325.00 

107.50 

28^0.00 

700.^0 

809/.9:i 

11654.85 


10141 

355 

500 
448 

565 

325 

107 

2890 

700 

8096 

11654 


35784 


44 

41 

00 
00 

73 

00 
50 
00 
00 

93 
85 

88 


[2 


112 

New-  York^  March  1 .  "1 8 1 7 . 


Stock  Dr.  To  Sundry  Accounts: 
To  Wm,  She! lard,  due  to  him 
To  Saniuf.l  Hay 
To  Joseph  Selden 
To  Bills  Payable,  for  amt.  of  Bills  due  of  me 


To  Post  the  second  pari  of  the  Inventory. 

1.  Debit  Stock  To  Sundries,  for  amt. 

of  debts  due  of  me  12034.60 

2.  Credit  Wra.  Shellard  By  Stock  due 

to  him  2049.,'>0 

3.  Credit  Samuel  Hay,  By  ditto  242.10 

4.  Credit  Joseph  Selden,  By  ditto        8850.00 
b.  Credit  Bills  Payable  By  ditto,  due 

of  me                                                 893.00 
2 ^ 


C  sh  Dr.  To  Tobacco : 
Sold  2  hhds.  nt.  wt.  27cvvt.  3q.  141bs.  at 
12.75  per  cwt. 

I.  Debit  Casl),  To  Tobacco,  355.41 

Z,  Credit  Tobacco,  By  Cash,  at  12.75 

per  cwt.  tor  2  M  ds.  •J7,,.%I4lbs.  355.41 


Saniut'l  Hay  Dr.  To  Checks: 
For  20  pieces,  at  1 5.  per  piece, 

1.  Debit  Samuel  Hay,  To  Checks,         300. 

2.  Credit  Checks,  By  Samut  1  Hay,  at 

15.  per  piece,  for  20  pieces,            300. 
-: 3 


Broad  Cloth  Dr.  To  Thomas  Johnson  : 
For  20  pieces,  500yds.  at  2.50  per  yd. 

1.  Debit  Broad  Cloth,    To  Thomas 

Johnson,  at  2.50  yer  yc^  for  20 
pieces,  500  yds.  l250. 

2.  Credit  Thomas  Johnson,  By  Broad 
Cloth,  1250. 


2049 
242 

8850 
893 


12034 


355 


60 
iO 
00 
00 

60 


41 


300 


1250 


00 


00 


113 

New- York,  March  5,  ISlf. 


[3] 


Sundries  Dr.  To  Broad  Cloth: 
John  Vallens,  my  acct.  in  Co.  for  my 

half  share  »       875. 

John  Vallens,  for  his  half  share  875. 


Delivered  John  Vallens,  to  sell  for  his  account 
and  mine,  each  one  half,  30  pieces  Broad 
Cloth,  700  yds.  at  2.50  per  yd. 


3. 


Credit  Broad  Cloth  By  Sundries, 
at  2.50  per  yard,  for  30  pieces, 
700  yards  1750. 

Debit  John  Vallens,  my  acct.  in 
Co.  for  my  half  875. 

Debit  John  Vallens  for  his  half        875. 

C 


Cash  Dr.  To  Insurance  : 
Insured  to  James  Thornhill,  2000  on  his  Brig 

Mary,  bound  to  Lisbon,  and  received  the 

premium, at  10.  percent. 
Note. — You    must  suppose  the   Vessel  arrived 

safe  at  Lisbon.     If  she   was   lost  when   you 

paid  Thornhill  the  sum  insured, 
Debit  Insurance  to  Cash  2000. 

Insurance  will  be  closed  By  Profit  and 

Loss  1 800. 

7 


Bottomry  Dr.  To  Cash  : 

Lent  Thomas  Shaw,  on  Bottomry  of  his  ship, 
the  Ontario,  bound  to  Hamburgh,  1000. 
to  be  paid  to  Moses  Martin,  my  Factor, 
on  her  safe  arrival  there,  with  30.  per 
cent,  interest,  for  my  risk 

L  Debit  Bottomry  To  Cash  TOOO. 

2.  Credit  Cash  By  Bottomry  1000. 

Note  1.— If  the  Ship  is  lost,  debit  Profit  and  Loss 
To  Bottomry  1000. 

2.  If  you  receive  an  account  of  her  safe  arrival  at 
Hamburgh,  and  that  Moses  Martin  received 
the  principal  and  interest.  1.  Debit  Moses 
Martin  To  Bottomry  1300. 

When  Moses  Martin  pays  you,  Debit  Cash  To 
Moses  Martin  1300. 


1750 


00 


200 


00 


1000 


00 


w 


114 
Nejd-York,  March  9.   18 If. 


.     2 

CD. 


Cash  Dr.  To  Bills  Receivable 

Received  for  No.  203, 
247, 


600.00 
200.00 


1.  Debit  Cash,  To  Bills  Receivable, 

2.  Credit  Bills  Receivable,  By  Cash, 
11  


800. 
800. 


Thomas  Johnson,  Dr.  To  Butter  : 
For  JO  Firkins, at  12.  per  Firkin, 

1.  D^bit  T.  Johnson,  To  Butter,  120. 

2.  Credit  Butter,  By  T.  Johnson,  at  12. 

per  Firkin,  for  10  Firkins,              120. 
12 


Cash  Dr.  To  John  Vallens  : 
Received  of  him  in  full,  of  his  half  share  of 
Broad  Cloth  in  Company, 


Bottomry  Dr.  To  James  Thornhill : 
Lent  Thomas  Knowels,  on  Bottomry  of  his 
ship  the  Juno,  'JOOO.  to  be  repaid  with  20 
per  cent.  Interest,  on  her  safe  return  from 
Stockholm  to  New-York,  in  pursuance  of 
which  Contract,  I  have  given  him  my 
Bill  on  James  Thornhill,  at  sight  for 
13 


John  Vallens,  my  acct.  in  Co.  Dr.  To  Cash 

Paid  him  for  my  half  &!mre  of  12  hhds.  of  To- 
bacco, which  he  has  bought  on  our  joint 
account, 

1.  Debit  John  Vallens,  my  acct.  in  Co.  To- 
Ccish,  400.00 

2  Cre.iit  Cash,  by  J.  Vallens,  my  acct. 

in  Co.  400.00 

\b 


Thomas  Johnson,  Dr.  To  Brandy  : 
For  10  bbls.  320  gallons,  at  1.75  per  gall. 

1.  Debit  Thomas  Johnson,  to  Brandy,     560. 

2.  Credit  Brandy,  by  T.  Johnson,  at  1.75  per 

gallon,  for  10  bbls.  320  gallons,     560. 


Stuffs  Dr.  To  James  Ward : 
For  70  pieces,  at  8.  per  piece, 


800 


00 


120 


00 


Z7b 


00 


2000 


400 


00 


00 


660 


00 


560  00 


115 


JSfeiv-York,  March  16.  1817. 


[•^] 


Rum  in  Co.  with  James  Thornhiil,  Dr.  To 

James  Ward  : 

For  iJO  hhds.  2058  galls,  at  1.  per  gall,  bought 
of  said  Ward,  for  the  acct.  of  James 
Thornhiil  and  self,  each  one  half, 

1.  Debit  Rum  in  Co.  with  J.  T.  to  J.  Ward, 

at  1.  per  gall,  for   20    hhds.   2068  gal- 
lons, 2058". 

2.  Credit  James  Ward,  by  Rum  in  Co. 

with  J.  T.                                       2058. 
18 


Sundries  Dr.  to  John  Vail  ns.  My  Acct.  in 

Company  : 

Linen  for  50  pieces,  at  8.  per  piece,      400. 

Bills  Receivable,  for  No.  3.  on  Joseph 

Selden,  at  4  months,  600. 

Cash,  being  in  full,  of  my  share  of  net 
proceeds  of  Tobacco  and  Bread, 
Cloth  in  Company,  400. 


2058 


00 


1400 


1.  Credit  J.  Vallens,  my  acct.  in  Co. 

By  Sundries,  1400. 

2.  Debit  Linen,  to   J.   Vallens   my 

acct.  in  Co.  at  8.  per  piece,  for 

50  pieces,  400. 

3.  Debit  Bills  Receivable  to  Ditto,       600. 

4.  Debit  Cash,  to  Ditto,  400. 


Cash  Dr.  To  Moses  Martin  ; 
Received  of  Israel  Johnson,  for  Martin's  Bill 
on  him  at  sight,  my  favor, 
^  20  


James  Ward,  Dr.  To  Cash : 
Paid  himi  the  amount  of  Stuffs, 


00 


Rum  in  Co.  with  James  Thornhiil  Dr.  To 
Cash, 

Paid  for  Carriage  and  ether  Charges,  on  our 
Rum  in  Co. 


11654 


560 


10 


85 


00 


50 


llti 


[6] 

JSrejV'Yorlc,  March  21.  1817. 

8 

Ship  Endeavour,  in  Co.  with  James  Thorn- 
hill,  Dr.  to  Sundries  : 

1 

To  Cash,  for  my  half  share  paid,          1500. 

6 

To  James  Thornhill,  for  his  half  paid,  1500. 

3000 

00 

Bought  of  William  Raymond,   the 

ship  Endeavour,   in   Co.    with 

James  Thornhill,  each  one  half, 

for  which  we  paid  as  above. 

1.  Debit  ship  Endeavour  in  Co.  To 

Sundries,                         ,                3000. 

2.  Credit  Cash,  By  ship  Endeavour, 

in  Co.                                               1500. 

3.  Credit  J.  Thornhill,  By  ship  En- 

deavour, in  Co.                               1500. 

OQ 

6 

Bottomry,  Dr.  To  James  Thornhill : 

For  Insuring  2400.  at  6  per  cent,  being  the 

6 

principal  and  premium  of  2000.  lent  Tho- 
mas Knowels,  on  Bottomry  of  his  ship  the 

Juno,  bound  to  Stockholm, 

144 

00 

1.  Debit  Bottomry,  To  J.  Thornhill,     144. 

2.  Credit  J.  Thornhill,  by  Bottomry,    144. 

1 

Cash   Dr.  To  Rum,  in  Co.  with  J.  Thorn- 

hill : 

7 

Sold  10  hhds.  1000  galls,  at  1.50  per  gall. 

1.  Debit  Cash,  To  Rum,  in  Co.  with 

J.  Thornhill,                                   1500. 

2.  Credit  Rum,  in  Co.  By  Cash,  at 

1.50  per  gall,  for  10  hhds.  1000 
galls.                                                1500. 
^5 

1500 

00 

7 

James  Ward  Dr.  To  Cash  : 

Paid  him  in  full  for  Spirits,  in  Co.  with  James 

1 

Thornhill, 

2058 

00 

8 

Ship  Endeavour,  in  Co.  with  James  Thorn- 

_ 

hill,  Dr.  To  Cash* : 

1 

Paid  Adam  Brown,  for  Repairs  on  said  ship, 

100 

00 

iir 


Xe?V'York,  March  2Q.  1817 


[n 


6 


Bills  Receivable  Dr.  To  John  Nash,  of  Leg- 
horn : 
Remitted  rae  his  Bill,  No.  4,  at  3  months,  on 

William  She!  lard,  who  accepted  the  same, 

for 

1.  Debit  Bills  Receivable,  To  John 
Nash,  8096.93 

2.  Credit  John  Nash,  By  Bills  Receiv- 
able, 8096.93 

^ 27 


Cash  Dr.  To  Sampel  Hay : 
Received  of  him,  the  Balance  of  his  Account, 

28 


Cash  Dr.  To  Joseph  Otis  : 
Re-ceived  of  him,  the  Balance  of  his  Account, 

29 


Samuel  Hay  Dr.  To  Ship  Endeavour,  in  Co. 
with  James  Thornhill  : 
Sold  him  said  Ship,  for 

— . 1 30 


Bills  Payable  Dr.  to  Cash  : 
Paid  Thomas  Shaw,  for  No.  37, 
Paid  John  Bradshaw,  for  No.  47, 

1.  Debit  Bills  Payable,  To  Cash, 

2.  Credit  Cash,  By  Bills  Payable, 
31  J. 


648.25 
244.75 


893. 
893. 


James  Thornhill  Dr.  To  Bottomry: 
For  the  principal  and  Inti^rest  lent  Thomas 
Knowels,  on  his  ship,  the  Juno,  bound  to 
Stockholm,  received  certain  account  that 
the  said  ship  is  lost  ;  James  Thornhill, 
who  has  insured  2400.  on  her,  stands  an- 
swerable for  the  said  sum. 
Debit  James  Thornhill,  To  Bot- 
tomry, 2400. 
2.  Credit  Bottomry,  By  James  Thorn- 
hill,                                              2400. 


Charges  Dr.  To  Cash : 
Paid  sundry  Charges  and  Expenses,  this  month, 
as  per  6ook  of  House  Expenses, 


8096 


93 


57 


700 


4100 


893 


90 


00 


00 


00 


2400 


00 


150 


00 


[8 


118 

Neiv-  York,  Jpril  1 .  1 8 1 T 


Cash  Dr.  To  Chandlery : 
Sold  er  Boxes  of  Candles,  at  5.  per  Box 
2 


Brandy  Dr.  To  John  Nash  : 

Bought  of  Joseph  Otis,  10  hhds.  1000  gallons, 

at  1.50  per  gallon,  in  payment  of  which 

1  have  given  him  my  Bill,  on  John  Nash, 

for  the  amount 


335 


00 


1.  Debit  Brandy  To  John  Nash,  at 
1.50    per  gallon,   for    \0  hhds. 


1000  gallons 


2.  Credit  John  Nash  By  Brandy 


1500. 
1500. 


Cash  Dr.  To  Chandlery  : 
For  45  Boxes  Soap,  at  6.  per  box 
3 


Joseph  Selden  Dr.  To  Bum,  in  Co.  with 
James  Thornhill  : 
For  10  hhds.  1058  gallons,  at  1.50  pfer  gallon 

1.  Debit  Joseph  Selden  To  Rum,  in 

Co.  with  James  Thornhill  ISSf. 

2«  Credit  Hum  in  Co.  By  J.  Selden, 
at  1.50  per  gallon,  for  10  hhds. 
1058  gallons  158r. 

'. 4 


John  Bradshaw  Dr.  To  Brandy : 
For  10  hhds.  1000  gallons,  at  1.50  per  gall. 

5 


Bills  Receivable  Dr.  To  Sundries,  viz. 
To  John  Nash,  for  the  first  cost  400.00 

To  Cash  paid  Charges  100.49 

To  Profit  and  Loss,  for  the  gain  1249.5 1 


Received,  from  on  board  the  Eagle  Merchant- 
man, 40  Chests  of  Florence  Wine,  40  do. 
Oil,  consigned  to  me,  by  John  Nash,  of 
Leghorn,  for  my  accountr 


1500 


00 


2ro 


1587 


00 


00 


1750 


OO 


1750 


00 


1 1.9 
New- York,  April  5.  U17. 


[9] 


Sold  said  Goods  iiumediately  to  John  Johnson 
and  received  his  Note,  No.  5,  payabl  e  in 
six  months,  for  the  above  sum. 

ir50.— 400.— 100.49=1249.51  Gain. 

1.  Debit  Bills   Receivable,  To  Sun- 

dries 1750.00 

2.  Credit  John  Nash  By  Bills  Receiva- 

ble 400.00 

3.  Credit  Cash  By  ditto  100.49 

4.  Credit  Profit  and  Loss  by  ditto        1249.51 

Or  make 

Wares  from  Leghorn  Dr.  To  Sundries : 
To  John  Nash,  for  the  first  cost  400.00 

To  Cash  paid  charges  100.49 

And  then  on  sale  of  the  Go  ods, 

Bills  Receivable,  or  John  Johnson  : 
Dr.  To  Wares  from  Leghorn,  1750.00 

Close  the  Wares,  To  Profit  and  Loss,  1249.51 

But,  as  there  was  no  entry  made  of  the  Goods 
prior  to  the  sales,  the  first  method  is  pre- 
ferable, as  being  more  concise. 


Goods  on  Acct.  of  John  Nash,  Dr.  to  Cash  : 

Received  at  the  same  time,  per  said  Ship,  10 

hhds.  of  Wine,  consigned  to  me  b)  John 

Nash,  of  Leghorn,  to  sell  for  his  Iccount, 

paid  Duty  and  Charges  at  landing, 

: 6 


John  Braiishaw  Dr.  To  Goods,  on  Acct.  of 
John  Nash : 

For  10  hhds.  Wine,  800  galls,  at  2.  per  gallon, 
sold  him  on  Aect.  of  John  Nash, 

Note. — The  Goods  being  all  sold,  close  the  Acct. 
after  the  following  manner. 


175 


1600 


[10] 


120 

Nerv-York,  April  6.  ISlf. 


Goods  on   Account  of  John  Nash  Dr.  to 

Sundries: 

To  John  Nash,  for  net  proceeds  of 
his  wine, 

To  Profit  and  Loss  for  my  commis- 
sion on  1600.  total  sales,  at  5 
pep  cent. 


1345. 


80. 


1.  Debit  Goods  on  account  J. 
Nash,  To  Sundries, 

2.  Credit  J.  Nash,  By  Goods  on 
acct.  do.  for  nt.  proc.  of  wine, 

3.  Credit  Profit  and  Loss,  By 
Goods  on  acct.  J.  Nash,  for 
ray  commission  thereon, 

Total  Sales, 

Charges  at  landing,  175. 

Commission,  80. 


1425. 


1345. 


80. 
1600. 


-255. 


1425 


00 


Net  proceeds. 


1345. 


8 


Adventure  to  New-Orleans,  in  Co.  with  S. 

Hay,  J  Otis  and  self,  each  1-3  concerned,  Dr. 

to  Sundries: 

To  Samuel  Hay,  for  300  pes  Serge,  at 

5.  per  piece,  advanced  by  hi:n,       1500. 

To  Joseph  Otis,  for  100  pes.  Swans- 
down,  at  8.  per  piece  ;  100  pes. 
Flannel,  at  5.  per  piece,  advan- 
ced by  him,  1300. 

To  Stuffc^  for  ro  pes.  at  8.  per  piece, 

advanced  by  me,  560. 

To  cash  pnid  Insurance  by  me, 
on  3360.  at  3  per  cent,  to 
cover  the  adventure,  100.80 

To  cash  paid  charges  by  me,        30.00 

130.80 


Shipped  the  above  goods  in  Co.  on  board  tlu 
Neptune,  Capt.  Johnson,  and  consigned 
them  to  James  Walker,  Merchant  at  N. 
Orleans,  to  sell  for  our  acct.  each  1-3. 


3490 


80 


12] 


New- York,  April?.  18 If. 


un 


1.  Debit  Adventure  to  New-Orleans 

To  Sundries,  3490. 

2.  Credit  Samuel  Hay,  By  Adven- 

ture to  New-Orleans,  1 500. 

3.  Credit  Joseph  Otis,  By  do.     do.    1300. 

4.  Credit  Stuffs,  By  Adventure  to  N. 

Orleans,  at  8.  per,  for  70  pieces,      560. 

5.  Credit  cash.  By  Voyage  to  New- 

Orleans,  paid  charges  and  Insu- 
rance, 130.80 


Sundries  Dr.  to  John  Bradshaw : 
Cash  received  for  myself,  1225. 

Do.  for  John  Nash,  1120. 


Profit  and  Loss  for  my  abatement, 
John  Nash  for  his  abatement, 


.2345. 
525. 
480. 


John  Bradshaw  has  failed — I  have  compound- 
ed his  debt,  at  TO  per  cent. 
Credit  J.  Bradshaw,  By  Sundries,  3350. 
Debit  cash,  To  J.  Bradshaw,  2345. 

Debit  profit  and  loss,  To  do.  525. 

Debit  J.  Nash,  To  do.  480. 

Note. — I  do  not  allow  John  Nash  any  share  of 
the  composition,  because,  in  closing  his  ac- 
count of  goods,  I  credited  his  account  for  the 
net  proceeds,  and  do  charge  the  same  now, 


for  the  abatement  made  on 
Bradshaw. 


his  account,   to 


Sundries  Dr.  to  Cash 
Samuel  Hay, 
Joseph  Otis, 


336.40 
136  45'. 


Paid  them  whit  they  advanced  abov«  thfeir 
proportion  of  Adventure  to  New-Orleans. 
The  manner  of  aff justing  the  Accounts. 

L{490.80-H-i=  1 163.60,  each  prrtiier's  share. 

1500 — 1163.60=336.40,  what  Hay  is  to  re- 
ceive. 

1300-1163.60=136.40  whatOtisisto  receive. 

1163.60 — 690.80=472.80,  what  I  am  to  pay 
both  my  partners. 

R 


3350 


00 


80 


[12] 


122 

New- York,  April  8.  1817. 


Cash  Dr.  To  Samuel  Hay  : 

Received  of  him  in  full,  for  ship  Endeauvour, 
in  Company  with  James  Thorn- 
hill, 


Voyage  to  Lisbon,  Dr.  To  Sundries : 

To  William  Shellard,  for  the  first  cost,  5000. 
Fo  Cash^paid  Charges,  300. 


10 


10 


Bought  of  William  Shellard,  at  2  months,  500 
barrels  Beef,  at   10.  per  barrel,  which  I 
,  have  shipped  on  board  the  Hariet,  Man- 
ning, for  Lisbon,  and  consigned  to  Philip 
Jennings  to  sell  for  my  acct. 

1.  Debit  Voyage  to  Lisbon,  to  Sun- 
dries, 6300. 

•.i.  Credit  William  Shellard,  by  Voy- 
age to  Lisbon,  5000. 

3.  Credit  Cash,  by  Voyage  to  Lisbon,  300. 

Note  1. — If  the  Beef  is  entered  in  your  Books, 
Voyage  Dr.  to  Sundries  : — To  Beef  for  the 
first  Cost, — To  Cash  paid  Charges. 

2. — If  the  Vessel  is  lost  on  the  Voyage,  Profit  and 
Loss  Dr.  To  Voyage  to  Lisbon,  for  the  Cost 
and  Charges. 

3. — If  she  is  Lost  and  Insured,  Insurance  Co.  Dr. 
Voyage  to  Lisbon,  per  Cost,  &.c. 


Oil  in  Company,  Dr.  To  George  Wood: 

Bought ^of  said  Wood,  30  tons  of  Train  Oil,  at 
100.  per  ton,  payable  on  demand,  which 
Oil  is  in  Company  with  Samuel  Hay, 
Joseph  Otis  and  self,  each  one  third 
share, 

1.  Debit  Oil  in  Co.  to  G.  Wood,  3000. 

2.  Credit  George  Wood,  by  Oil  in 
Company,  3000. 


4100 


00 


5300 


00 


3000 


00 


123 
New-York,  April  10,  1811. 


[13] 


1 
3 

10 


11 

10 

4 


Cash  Dr.  To  Bills  Receivable  : 

Received  of  John  Fine,  per  Bill  No.  1, 

Note. — If  you  keep  no  acct.  of  Bills,  make  Cash 
to  John  Fine. 


George  Wood,  Dr.  To  Sundries  : 

Samuel  Hay,  Joseph  Otis  and  myself,  have  paid 
him  in  full,  for  Oil  in  Company, 


To  Samuel  Hay, 

To  Joseph  Otis, 

To  Cash  Paid  by  me. 


roo. 

1200. 
1100. 


1.  Debit  George  Wood,  to  Sundries,  3000. 

2.  Credit  Samuel  Hay,  by  G.   Wood 
Paid,  roo. 

3.  Credit  Joseph  Otis,  by  Ditto,  1200. 

4.  Credit  Cash,  by  Ditto,  1 100. 


James  Grant,  Dr.  To  Oil  in  Co. 

For  one  ton,  payable  in  30  days, 
11  


Sundries,  Dr.  To  Samuel  Hay  : 

Paid  us  what  we  advanced  above  our  propor- 
tion of  Oil  in  Co. 


Joseph  Otis,  paid  him 
Cash  paid  me. 


200.00 
100.00 


1.  Credit  Samuel  Hay,  by  Sundries, 

to  accounts  for  Oil  in  Company,     300. 

'2.  Debit  Joseph  Otis  to  Samuel  Hay, 

paid  by  him  to  even  accounts  do.  200. 

3.  Debit  Cash  to  Samuel  Hay,  paid  by  him  to 
even  accounts  ditto.  100. 


2000 


3000 


150 


3Q0 


00 


00 


00 


05 


124 


[14] 


NeW'Yorkf  April  11.  18 IT. 


10 


11 
10 


1 

11 
10 
9 

1 

11 

11 

1 

10 


Sundries  l)r.  To  Oil  in  Co. 

Sold  John  Winston,  9  tons  at  150.  per  ton, 
Cash  received  in  part,  450.00 

John  Whiston,  for  Balance  on  demand,  900.00 


1.  Credit  Oil  in  Co.  By  John  Whis- 

ton, at  150.  per  ton,  for  9  tons,    1350. 

2.  Debit  Cash,  To  Oil  in  Co.  450. 

3.  Debit  John  Winston,  To  Oil  in  Co.    900. 
13 


Canary  in  Co.   with  Samuel  Hay  and  Jo- 
seph Otis,  Dr.  to  Oil  in  Co.  with  do.  : 

Bartered  with  James  Ward,  the  remaining  20 
tons  of  Oil  in  Co.  at  120.  per  ton,  for  12 
pipes  of  Canary  Wine,  at  200.  per  pipe, 
amounting  to  the  same  sum, 

14 


Cash  Dr.  To  John  Wliiston  : 

Received  of  him,  in  full  for  Oil  in  Co. 
. 15 


Oil  in  Co.  Dr.  to  Profit  and  Loss  : 

For  my  Commission  on  the  total  sales,  3900. 
at  3  per  cent. 


Cash  Dr.  To  Canary  in  Co. : 

Sold  6  pipes,  at  150.  per  pipe, 
16 


Sundries  Dr.  To  James  Grant : 

Cash  received  in  composition  of  his 

Debt,  60.00 

Oil  in  Co.  for  the  abatement,  90.00 


James  Grant  has  failed  ;  we  have  compound- 
ed his  Debt  for  Oil  in  Co.  at  40  per  cent. 


1350 


00 


2400 


900 


iir 


900 


00 


00 


00 


00 


150 


00 


12.5 


[15] 


New-York,  April  16.  1817. 


I    Credit  James  Grant,  By  Sundries,     150. 

2.  Debit  Cash,  To  James  Grant,  60. 

3.  Debit  Oil  in  Co.  ditto,  90. 

Note. — If  Oil  in  Co.  is  closed,  credit  J.  Grant 
as  above,  and  debit  each  of  your  partners  to 
said  Grant,  for  1-3  of  the  composition  mo- 


ney, 
Debit  Profit  and  Loss  for  your  1-3. 


30. 
30. 


Cash  Dr.  To  Bills  Receivable  : 

Received  for  Israel  Johnson's  Bill,  No.  2. 

1  r 


Bill  Receivable  Dr.  To  Sundries  : 

To  Cash  paid  John  Shaw,  970.00 

To  Profit  and  Loss,  for  Discount  al- 
lowed me  on  1000.  at  6  per 
cent,  for  6  months,  30  00 


Discounted  for  John  Shaw,  a  Bill  drawn  by 
John  Brown,  of  Providence,  on  John 
Jackson,  of  New-York,  due  the  23d  inst. 
which  Bill,  said  Jackson  has  accepted. 

Debit  Bills  Receivable,  To  Sun- 
dries, lOOO. 

Credit  Cash,  By  Bills  Receivable,      970. 

Credit  Profit  and  Loss,  By  bills  Re- 
ceivable, 30. 


Note. — If  John  Jackson  has  failed,  and  you  did 
not  receive  the  amount  of  the  Bill,  Debit  J. 
Shaw  to  Bills  Receivable,  for  the  1000. 

But,  if  you  discount  the  Bill  at  your  own  risk,  de- 
bit Profit  and  Loss,  To  Bills  Receivable  for 
the  amount  of  the  Bill  if  not  paid. 


90 


00 


1000 


00 


126 


[16] 


NerV'Yorky  April  17.  18ir. 


11 

4 

3 
11 


11 
9 

7 

11 

1 

11 
12 

10 


Sundries  Dr.  To  Canary,  in  Co.  with  Sam- 
uel Hay,  and  Joseph  Otis  : 

Samuel  Hay  for  2  pipes,  taken  to  him- 
self, as  his  share  of  what  remained 
unsold,  400. 

Joseph  Otis,  for  2  pipes  taken  to  his 

share,  400. 

Canary,  for  2  pipes  taken  to  my  share,  400. 


Divided  between  us,  the  remaining  6  pipes  of 
Canary  in  Co.  as  above,  valued  at  prime 
cost,  viz.  200.  per  pipe. 

1.  Credit  Canary  in  Co.  By  Sundries, 

at  200.  per  pipe  for  6  pipes,  divi- 
ded equally  between  the  partners,  1200. 

2.  Debit  Samuel  Hay,  To  Canary  in 

Co. 

3.  Debit  Joseph  Otis,  To  do.  do. 

4.  Debit  Canary,  To  Canary  in  Co. 

for  my  share  of  6  pipes,  at  200. 
per  pipe. 


400. 
400. 


400. 


Canary  in  Co.  Dr.  To  Profit  and  Loss  : 
For  my  Commission  on  the  total  sales,  2100, 

at  3  per  cent, 
, 1  s: 


James  Ward  Dr.  to  Canary  : 
For  one  pipe,  at 
. 19 


Cash  Dr.  to  Canary  : 
Sold  one  pipe  for  ready  money, 
21 


Philip  Jennings  my  acct.  current   Dr.    to 
Voyage  to  Disbon,  per  the  Harriot : 

Received  advice  from  Philip  Jennings,  of  Lis- 
bon, that  the  Harriot  arrived  safe,  and 
that  he  sold  my  Beef  for  ready  money, 
the  net  proceeds  amounting  to  14312. 
500  Rees,  at  .70  per  Mill  Ree, 


1200 


63 


150 


220 


00 


00 


00 


00 


10018 


75 


127 

JSTen^York,  April  23.  18ir. 


[17] 


12 
1 


12 
12 


12 
1 


Cash  Dr.  To  Bills  Receivable: 
Received  of  John  Jackson,  for  John  Brown's 
Biil,  ^.ivor  J'»hn  Shaw,  discounted  by  me, 


.f-,s,  my  Acer,  curreiit 


Cash  Dr.  To  P.  J<  imm 
Drawn  on  said  Jennings,  at  30  days  siirht,  fa- 
vor Harris  &  Co.  for  14*il2.  oOO  rees,  at 
JO  per  milree,  who  paid  me  the  value  in 
ready  money, 

1.  Debit  Cdsh,  To  P.  Jennings,  my 

Acct.  curreiit,  10018.73 

2.  Credit  P.  Jennings,  my  Acct.  cur- 

rent by  Cash,                                10018.75 
25 ^ 


J.  Brown  our  Acct.  Ex.  in  Co.  Dr.  To  Cash  : 
For  the  following  Bills  remitted  him  to  sell 

for  his  account  and  mine,  Qjich  one  half, 
Waller  on  Jones,  at  30  Days,  for         1000. 
Warren  &  Fox  on  Joseph  Butler,  at 

20  days,  for  1500. 

Value  paid  with  1  per  cent.  Exchange     25. 


!.  Debit  John  Brown,  our  Acct.  Ex- 
change in  Co.  To  Cash,  2525. 

2.  Credit  cash.  By  John  Brown  our 

acct.  Ex.  in  Co.  "  2525. 

John  Brown  our  acct.  Ex.  in  Co.  Dr.  to  J. 
Jackson  : 
Remitted  him  Taylor's  Bill  on  T.  Williams,  at 

40  days,   value  paid  at  par,   by  an  order 

on  John  Jackson,  for 

1.  Debit  John  Brown  our  acct.  Ex. 

in  Co.  To  John  Jackson,  2000. 

2.  Credit  John  Jackson,  By  J.  Brown 

our  acct.  Ex.  in  Co.                     2000. 
28 


J.  Brown  our  acct.  Ex.  in  Co.  Dr.  to  Cash  : 
For  the  following   Bills  remitted  him   to  sell 

for  our^acct.  in  Co.  each  one  half: 
Vallens  on  Johnson,  at  10  days,  for     1500. 
Clark  on  Nightingale,  at  20  days,  for  2000. 
Value  paid  at  par,  


5000 


10018 


2525 


2000 


3500 


00 


75 


00 


00 


00 


[18] 


12« 
New-York,  April  29.  18ir. 


1 
12 


12 


12 


Cash  Dr.  to  John  Brown,  our  account  of 

Exchange  in  Co. 

For  his  bill  on  Joseph  Otis,  at  sight,  being  the 
amount  of  the  following  bills  remitted  by 
me  to  him,  to  sell  for  our  acct.  in  Co. 

Waller  on  Jones,  1000. 

Warren  h  Fox  on  J.  Butler,  1500. 

Taylor  on  Williams,  2000. 

Exchange,  2  per  cent.  90. 


30 


John  Jackson  Dr.  to  John  Brown,  our  acct. 
of  Exchange  in  Co. 

For  said  Brown's  biil  on  Charles  Lucas,  at  60 
days,  in  full  of  the  following  bills,  which 
bills  I  have  transferred  to  J.  Jackson,  viz. 

Vallens  on  Johnson,  1500. 

Clark  on  Nightingale,  2000. 

Exchange,  at  2^  per  cent.  87. 


Debit  J.  Jackson,  To  J. 
Brown  our  account  Ex- 
change in  Co. 
Credit  J.  Brown  our  acct. 
Ex.  in  Co.  By  J.  Jack- 
son, 
Note. — If  Charles  Lucas  does 

when  it  becomes  due,   debit  John  Brown  to 
sundries  ; 
To  John  Jackson  for  the  amount  of 

the  Bill,  358r  60 

To  Cash  paid  charges  of  |)rotesting,  L7o 


S587.50 


3.587.50 

not   pay  the  bill 


Charges  Dr.  to  Cash: 
Paid  sundry  chari>es  and  expenses  this  month, 
as  per  Book  of  House  Expenses, 


END  OF  JOURNAL,  B.  or  No.  2. 


4590 


00 


3587 


00 


121 


00 


Ledger,    B.  or  No.  2. 

March  1.  1817. 


ALPHABET  OR  INDEX,  TO  THE  LEDGER. 


A 
Adventure  to  New- Orleans, 
in  Co 8 


B 

Broad  Cloth 2 

Brandy      2 

Butter 3 

Bills  Receivable       ...     3 
Bills  Payable      ....     5 

Bottomry 6 

Bradshaw  John  ....     8 
Brown  John  o-a.  Exchange 

in  Co 12 

Brown  John        .     .     .     .12 


Cash 1 

Chandlery 2 

Checks 2 

Charges    ......     8 

Canary  in  Co 11 

Canary 11 


Linen 


M 


Martin  Moses 


N 


Nash  John 


O 


Otis  Joseph 
Oil  in  Co. 


ProJBt  and  Loss  . 


R 


Rum  in  Co. 


Goods  o-a.  John  Nash      .     9 
Grant  James 11 


H 
Hay  Samuel 4 


I 

Johnson  Thomas      ...     5 

Insurance 6 

Jennings  Philip,  m-a.  curt.  12 
Jackson  John      .  ,  .     .     .12 


Stock  .... 
Shellard  Wm.  . 
Selden  Joseph  . 
Stuffs  .... 
Ship  Endeavour  in 


T 

Tobacco    .     .    . 
Thoriihill  James . 


Vallens  John,  m-a. 
Vallens  John 
Voyage  to  Lisbon 


W 


Ward  James  . 
Wood  George 
VVhiston  John 


Co 


in 


3 
10 


Co.  5 
.  6 
.  10 


r 

10 
IX 


130 


[1] 


Stocky 

Dr. 

1817. 

Mar.  1 

1 

To  Sundry  Accounts 

12034 

60 

Apr.  30 

To  Balance  for  my  net  estate 

- 

13 

31347 

79 

43382 

39 

1 

Cash,                                      Dr. 

1 

10141 

Mar.  1 

To  Stock 

44 

2 

2 

I'o  Tobacco,  rec'd  in  full 

2 

355 

41 

6 

3 

To  Insurance,  rec'd  in  full 

6 

200 

00 

9 

4 

To  Bills  Receivable,  rec'd  in  full 

3 

800 

00 

12 

)j 

To  John  Vallens,  rec'd  in  full 

6 

875 

00 

18 

5 

To  John  Vallens,  m-a,  in  Co.  rec'd  in 

full 

5 

400 

00 

9) 

$) 

To  Moses  Martin,  rec'd  in  full 

4 

11654 

85 

23 

6 

To  Rum  in  Co.  with  J.  Thornhill, 

rec'd  in  full 

7 

1500 

00 

27 

r 

To  Samuel  Hay,  rec'd  in  full 

4 

57 

90 

28 

ij 

To  Joseph  Otis,  rec'd  in  full 

3 

700 

00 

Apr.    1 

8 

To  Chandlery,  rec'd  in  full 

2 

336 

00 

2 

jj 

To  Chandlery  rec'd  in  full 

ti 

270 

00 

7 

11 

To  John  Bradshaw,  rec'd  in  full 

8 

2345 

00 

8 

12 

To  Samuel  Hay,  rec'd  in  full 

4 

4100 

00 

10 

13 

To  Bills  Receivable,  rec'd  in  full 

3 

2000 

00 

11 

>» 

To  Samuel  Hay,  rec'd  in  full,  to  even 

accounts 

4 

100 

00 

?) 

14 

To  Oil  in  Co.  rec'd  in  part 

10 

450 

00 

14 

j9 

To  John  Whiston,  rec'd  in  full 

11 

900 

00 

15 

9> 

To  Canary  in  Co.  rec'd  in  full 

J) 

900 

00 

16 

5} 

To  James  Grant,  rec'd  in  full 

jj 

60 

00 

ty 

15 

To  Bills  Receivable,  rec'd  in  full 

3 

90 

00 

19 

16 

To  Canary,  rec'd  in  full 

11 

220 

00 

23 

17 

To  Bills  Receivable,  rec'd  in  full 

3 

1000 

00 

3> 

» 

To  Phillip  Jennings,  m-a.  currt.  rec'd 

in  full 

12 

lOOlS 

75 

29 

18 

To  John  Brown,  o-a.  Exchange  in 

Co,  rec'd  in  full 

»> 

4590 
54063 

00 
35 

13J, 


[1] 


Contra^ 

Or. 

1817. 

Mar.  1 

1 

By  Sundry  Accounts 

35784 

88 

Apr.  30 

By  Profit  and  Loss,  gained  by  two 

months  trade 

9 

7597 

51 

' 

43382 

39 

3 

Contra^                                    Cr. 

6 

1000 

Mar.  7 

By  Bottomry,  paid  Thomas  Shaw 

00 

13 

4 

By  J.  Vallens  m-a.  m  Co.  pd.  in  full 

5 

400 

00 

20 

5 

By  James  Ward,  paid  in  part 

7 

560 

00 

J5 

51 

By  Rum  in  Co.  with  J,  Tbornhill, 

paid  charges 

, 

10 

50 

21 

6 

By  Ship  Endeavour  in  Co.  pd.  in  full 

8 

1500 

00 

25 

»> 

By  James  Ward,  paid  him  in  full 

7 

•^Oo.S 

00 

26 

}i 

By  Ship  Endeavour  in  Co.  pd.  charges 

8 

100 

00 

30 

7 

By  Bills  Payable,  paid  in  full 

5 

893 

00 

31 

^« 

By  Charges  paid  this  month 

?j 

150 

00 

Apr.    5 

8 

By  Bills  Receivable,  paid  charges 

;< 

100 

49 

J) 

9 

By  goods  acct.  J.  Nash,  paid  charges 

9 

175 

00 

7 

10 

By  Adventure  to  N.  Orleans  in  Co. 

paid  charges,  &c. 

8 

130 

80 

9) 

11 

By  Sundries,  paid  to  even  accounts 

47-2 

00 

8 

12 

By  Voyage  to  Lisbon,  paid  charges 

10 

300 

00 

10 

13 

By  George  Wood,  paid   in  full  for 

oil  in  Co, 

yy 

1100 

00 

17 

15 

Bills  Receivable,  paid  John  Shaw 

3 

9ro 

00 

25 

17 

By  John  Brown,  o-a.  Exch.  in  Co. 

12 

2525 

00 

2« 

n1 

By  John  Brown,  o-a.  Exch.  in  Co. 

*, 

3500 

00 

30 

18 

By  Charges,  paid  this  month 

8 

121 

00 

53 

By  Balance,  remaining  in  hand 

13 

3r996 

76 

54063 

Z5 

132 


[2] 


Tobacco, 


Dr. 


181f. 
Mar.  1 


Mar.  1 
3 


Mar.  1 

Apr.   2 

30 


Mar,  1    1 
Apr.  30 


Mar.  1 


To  Stock,  at  12.75  percwtfor  2hhds.  27cwt.  Iq.  I4lb. 


Broad  Cloth, 


Dr. 


To  stock  at  2.50  per  yd.  for  10  pes.    200  yds. 

To  Tbonias  Jolmson,  at  250  pr.  yd.  20  „       500  „ 

;iO  700 


Brandy, 


Dr. 


bbls.  hhds.  gall,  mrks 
To  Stock,  at  1.40  per  gall,  for  10  00  320  c.  d, 
To  J.  Nash,  at  1.50  per  gall,  for  00  10  1000  J.  o, 
To  Profit  and  Loss,  gained 

10     10    1320 


Chandlery^ 


Di 


To  Stock  af  4.75  Candles,  5.50  Soap,   for  67  Boxes 

Candles,  and  45  Boxes  Soap 
To  Profit  and  Loss 


Checks, 


Df 


To  Stock ,  at  16.25  per  piece,  for  20  pieces, 


I 

355 

41 

1 

5 

500 
1-250 

00 
00 

1750 

00 

1 
4 
9 

448 

1500 

362 

00 
00 
00 

1 

2310 

565 
39 

00 

75 
25 

605 

00 

325 

00 

133 


[2] 


c 

ont 

ra, 

or. 

1817. 
Mar.  2 

2 
3 

4 

8 

8 
» 

2 

By  Cash,  at  12.75  per  cwt.  for2hhd3.  27cwt.  Iq.  I41b. 

■ 

1 

5 

8 

1 

?> 

4 
9 

355 

41 

1750 

Contra^                                    Ci\ 

Mar,  5 

By  Sundries,  at  2.50  per  yard,  for        30pcs.    700yds. 

00 

560 
1750 

Contra^                                    Cr, 

Mar.l5 
Apr.   4 

bbls.  hhds.  galls,  mk. 
By  T.  Johnson,  at  1.75  per  gall,  for  10    00      320  c.  d. 
By  J.  Bradshaw,  1.75      „            00    10    1000  j.  o. 

10    10    1320 

00 
00 

2810 
335 

2ro 

605 

00 

Contra^                                    Cr, 

Apr.   1 
2 

By  Cash,  at  5.  per  Box,  for  67  Boxos  of  Candles 
By  Cash,  at  6.  per  Box,  for  45  Boxes  of  Soap 

00 
00 

00 

300 
25 

Contra,                                   Cr. 

Mar.  2 
Apr.  30 

By  Samuel  Hay,  at  15.  per  piece,  for  20  pieces 
By  Profit  and  Loss,  lost  by  this  account 

00 
00 

325 

00 

134 


^J 


Butter^ 


D) 


i8ir. 

Hr.  MA:. 

Mar.  1 

1 

To  Stcckat  10.75  pr  firk.  for  10    t  i 

Apr.  t^O 

To  Profit  and  Loss 

1 

Bills  Receivable^                     Dr. 

Mar.  1. 

To  Stock  for  Win.  Raymond's  Bill        203    March  3 

5) 

Inhn  Finp'T                                    1      Anril     fi 

3> 

Ismel  Jonh-inn'n                          1     Aoril    16 

5» 

18 

5 

To  Vallens  mv  Acct.  in  Co.  for 

J.  Sflden-3  Bill                                  3      at  sight. 

26 

7 

To  John  Nash  on  Wm.  Sbellard              4    3  months. 

Apr.   5 

8 

To  Sundries  for  J.  Johnson's  Bill               b    6  months. 

ir 

>5 

ToSundiiesfor  J.  Jacksou'oBill              6    April   23 

1 

Joseph  Otis,                            Dr. 

Mar.  1 

To  Stock 

Apr.   7 

11 

To  Cash  to  adjust  Accts.  on  Adven- 
ture to  N.  Orleanls 

11 

13 

To  SaiDuel  Hay  to  adjust  Accts.  on 
Oil  iii  Co. 

ir 

10 

T  .  Ca  ary  in  Co. 

30 

J) 

To  Adventure  to  N.  Orleans  in  Co. 
for  1-3  remaining 

J> 

To  Canary  in  Co.  for  his  1-3  of  the 
Loss 

?) 

T(j  Balance  due  to  him 

Note.— This  Acct.  as  well  as  that  of 
,  Samuel  Hay,  is  not  to  be  closed 
prior  to  Adventure  to  N  Orleans  in 
Co.  fol.  8,  tvnd  Canary  in  Co.  fol. 
11;   for  as  [they  are  your  partners 
therein,  the  gain  or  loss  on  these 
must  be  ascertained,  and  placed  on 
the  proper  side  of  their  respective 
accounts  before  closed. 

107 
1-2 

120 


600 

200 

2000 

90 

600 
8096 
1750 
1000 

14336 


700 


136 

200 
400 

1163 

121 

710 

2731 


50 
50 

00 


00 
00 
00 
00 

00 

93 
00 
00 

93 


00 


40 

00 
00 

60 

00 
00 

00 


135 


Contra^ 


Or. 


[3] 


1817. 
Mar.U 


Mar.  9 

Apr.  10 

16 

23 

30 


Mar.28 

Apr.   7 

10 

30 


Fir.  Mk. 

By  Thomas  Johnson  at  12.  per  firkin,  for        10     t  i 


Contra, 


Cr. 


By  Cash  received  for  No.  203,  .247 
By  Cash  for  1 

By  Cash  for  2 

By  Cash  for  6 

By  Balance  for  No.  3,  4,  5,  not  paid 


Contra, 


Cr. 


By  Cash 

By  Adven.  to  N.  Orleans  in  Co.  for 

amt.  Goods  advanced 
By  George  Wood,  paid  him  for  Oil 

in  Co. 
By  Oil  in  Co.  for  his  1-3  Gain 


120 


800 

2000 

90 

1000 

10446 


14336 


700 


1300 

1200 
231 


2731 


00 


00 
00 
00 
00 
93 


93 


00 


00 

00 
00 


00 


136 


[4 


John  Nash, 


Di 


1817. 
Mar.  1 

1 
11 

1 

2 

7 
IJ 

16 

To  Stock 

To  John  RradshaNf  for  abatement 
To  Balance 

1 

8 
13 

1 
13 

2 

8 

1 
11 

8 

11 
13 

8096 

93 

Apr.  7 
30 

480 
2765 

3245 

00 
00 

00 

11654 

Moses  Martin^                         Dr. 

k. 

Mar.  1 

To  Stock 

85 

r049 

William  Shellard,                   Di\ 

Apr.  30 

To  Balance 

50 

300 

Samuel  Hay^                          Dr. 

Mar.  2 

To  Checks 

To  Ship  Endeavour  in  Co. 

To  Cash  to  adjust  accts.  on  Adven. 

to  N.  Orleans, 
To  Canary  in  Co. 
To  Adventure  to  N.  Orleans,  for  his 

1-3  remaining 
To  Canary  in  Co.  for  his   1-3  of 

the  loss 
To  Balance 

00 

29 
Apr.   7 

17 

30 

4100 

336 

400 

1163 

121 

710 

6831 

00 

40 
00 

60 

00 
00 

00 

nsr 


[4] 


Contra, 

Cr. 

1817. 
Mar.26 

7 

8 
10 

5 

2 
12 

2 
7 

10 

12 
13 

By  Bills  receivable 

By  Brandy 
By  Bills  receivable 
By  Goods  per  the  Eagle,  on  your 
acct.  for  net  proceeds 

3 

2 
3 

9 

1 

1 
10 

I 

8 

1 

lO 
10 

8096 

93 

Apr.  2 
5 

5 

1500 
400 

1345 

00 
00 

00 

3245 

00 

11654 

Contra^                                    Cr, 

Mar.  18 

By  Cash  in  full 

85 

2049 
5000 

Contra^                                    Cr, 

Mar.  1 
Apr.   8 

By  Stock 

By  Voyage  to  Lisbon,  for  amount  of 
Beef 

50 

00 

7049 

242 
57 

50 

Contra^                                    Cr, 

Mar.  1 
27 

By  Stock 
By  Cash 

By  Adven.  to  N.  Orleans,  in  Co.  for 

amt.  Goods  advanced 
By  Cash  for  Ship  Endeavour  in  Co 
By  George  Wood  paid  him  for  Oil 

in  Co. 
By  Sundries  to  adjust  accounts  for 

'Oil  in  Co. 
By  Oil  in  Co.  for  his  1-3  of  gain 

10 
90 

Apr.  7 

8 
10 

11 

30 

.  300 

1500 
4100 

700 

30U 
23V 

00 

00 
00 

00 

00 
00 

6831 

00 

138 


L'^J 


Joseph  Seidell^ 


Dr. 


1817 
Apr.   3 
30 


Mar.30 


Mar.l  1 

15 

Apr.  30 


Mar.  5 

13 

Apr.  30 


To  Rum  in  Company 
To  Balance 


Bills  Payable^ 


To  Casli  paid,  No  37 


paid, 


A7 


Thomas  Johnson, 


To  Butter 
To  Brandy 
To  Balance 


jDr. 


Dr 


John  Fallens,  m-a,  in  Co,        Dr, 


To  Broad  Cloth,  for  my  J  share  of  30 

pieces 
To  Cash  paid  for  my  i  share  of  12 

hhds.  of  Tobacco 
To  Profit  and  Loss 


i 
13 


3 
13 


1587 
7263 

8850 


00 
00 

00 


648 
244 

893 


25 
75 

00 


120 
560 
570 

1260 


00 
00 
00 

00 


875 

400 
125 

1400 


00 

00 
00 

00 


139 


Contra^ 


Or. 


IS] 


i8ir. 

afar.  1 


Mar.  1. 


Mar.  3 


Mar.  18 


By  Stock 


8850 


00 


Contra, 


Cr. 


By  Stock,  due  to  T.  Shaw,  No.  37, 

payable  March  30 
By  Stock,  due  to  John  Bradshaw, 

No.  47,  payable  March  30 


Contra, 


Cr, 


By  Broad  Cloth 


Contra^ 


Cr, 


By  Sundries,  for  my  net  proceeds  of 
Broad  Cloth  and  Tobacco 


648 
244 
893 


25 
75 

00 


1250 


00 


1400 


00 


1400  00 


14^ 


John  Vallens, 


To  Broad  Cloth,  .for  his  1-2  share  of    2 
30  pieces, 


Insurancey 


Dr, 


ro  Profit  aud  Loss, 


Bottomry^ 


Dr 


To  Cash  lent  Thomas  Shaw, 
To  James  Thornhill  lent  T.  Knowels, 
To  James  Thornhill  for  Insurance, 
To  Profit  and  Loss  Gained, 


James  Thornhill^ 


Dt 


To  Bottomry  for  Principal  and  Pre- 
mium, 
To  Balance, 


Note. — This  acct.  is  not  to  be  closed 
prior  to  Rum  in  Co.  fol  7,  aud  ship  En 
(leavour  in  Co.  fol.  3,  for  as  Thornhill  is 
your  partner  therein,  the  gain  or  loss  on 
these  must  be  ascertained,  and  placed  on 
the  proper  side  of  his  account  before 
closed. 


875 


200 


1000 

2000 

144 

256 

3400 


2400 
2^53 


46.'>3 


00 


00 


00 
00 
00 
00 

00 


00 
25 


141 


Contra^ 


Or. 


[«J 


1817. 
Mar.  12 


Mar.  6 


Mar.31 
Apr.30 


Mar.  12 

21 

23 
Apr.30 


By  Cash  for  his  1  2  share  of  Bread, 
Ciuth  in  Co. 


Contra^ 


Or, 


3  By  Cabh  received  of  James  Ihorn- 
hill. 


Contra^ 


Of' 


By  James  Tliornhill  fur  Principal  and 
Premium,  of  Insuring  Knowels's 
C  >ntract, 

By  Balance  for  T.  Shaw's  Contract 
remaining, 


Contra^ 


Cr, 


l>y  Bottoiniv  tor  my  Bill  on  him,  fa- 
vor T.  Kr)ov»  e!s, 
By  Ship  ErMi<  avour  in  Co.  paid  his 

half, 
By  Bottomry  for  Insurance, 
By  Kum  m  (  ■:;.  for  his  hah  gain, 
H)  ship  Endeavour  in  Co.  for  his  1-^ 
gain, 


87o 


00 


200 


00 


13 


2400 
1000 
3400 


00 
00 
00 


2000 

1  .0* 

,009 

500 

4653 


00 

00 
00 
25 

00 

25 


[^ 


142 


Stuffs, 


1817. 
Mar.  15 


4  To  James  Ward,  at  8.  per  piece,  for 
?0  pieces, 


Mar.20 
.     23 


Apr.ia 


16 


James  Ward, 


Dr. 


Mar.16 

20 
Apr.  30 


To  Cash 
To  Cash, 


To  Canary, 


Rum  in  Co,  with  J.   Thornhill^ 
each  one  half.  Dr. 


Mar.18 


To  James  Ward,  at  1.  per  gallon,  for 

20  hhds.  2058  galls. 
To  Cash  paid  charges, 
To  James  Thornhill,  for  his  J  gain, 
To  Profit  and  Loss,  for  my  \  gain, 


11 


Linen, 


Dr, 


To  John  y  a  liens  my  acct.  in  Co.   at 
8,  pep  piece,  for  50  pieces, 


Di 


560 


560 
2058 


2618 


00 


00 
00 

00 


150  00 


2058 

10 

509 

509 

3087 


00 
50 
25 
23 

00 


400 


00 


143 


in 


Contra, 

Cf. 

1817. 
Apr.   7 

10 

4 
o 

6 
8 

By  Adventure  to  N.  Orleans,  in  Co 
at  8.  per  piece,  for  70  pieces, 

8 

7 
13 

1 
5 

13 

560 

560 
2058 

00 

Contra,                                    Cr, 

Mar.  15 
16 

By  Stuffs, 

By  Rum  in  Co.  with  J.  Thornhill, 

By  Balance, 

00 
00 

Apr.  30 

2618 
150 

00 
00 

1500 
158r 

Contra,                                   Cr. 

Mar.23 
Apr.   3 

By  Cash,  at  1.50  per  gallon,  for  10 

hhds.  1000  galls. 
By  Joseph  Seiden,  at  1.50  per  gall. 

for  10  hhds.  1058  galls. 

00 
00 

3087 
400 

GO 

Contra,                                   Cr, 

Apr.30 

By  Balance,  at  8.  per  piece,  for  50 
pieces, 

00 

[8] 


144 


Ship  Endeavour 

(In  Company  with  James  ThornliiH,  each  one  half.) 


Dr. 


1817. 

Mar.21 

•26 

Apr.  30 


jVIar.31 
Apr.  30 


Apr.   4 
6 


Apr.   r 


10 


To  Sundrif\'5, 
1  i>  C  ish  lor  repairs, 
To  J  iiiK^s  rhornhill  for  his  §  arain, 
lu  Profit  and  Loss  lor  my  i  b^^"j 


Charges^ 


D?. 


To  Cash  paid  sundry  expenses  this 

month, 
To  Cash  paid  sundry  expenses  this 

month, 


John  Bradshaio^ 


D, 


I'o  Brandy, 

To  Goods  on  acct.  John  Nash, 


Adventure  to  N,  Orleans,        D>, 

(In  Co.  with  S.  Hay,  J.  Oti$  ^i  d  self,  each  one  third  ) 


To  Sundri^  s,  per  the  Neptune,  con 
signed  to  i.  Walker, 


Note. — The  one  third  of  this  Adven 
venture,  1163.60,  which  is  placed 
on  the  credit  side  at  closing  the 
Books,  you  must  charge  each  of 
your  partners  with,  otherwise 
you  would  be  indebted  to  tf»em  for 
this  sum,  which  you  do  not  owe 
them  until  you  receive  the  net 
proceeds. 


:jOuo 

100 
500 
500 

4100 


00 
00 
00 
00 

00 


150 
121 
271 


1750 
ItiOC 

3350 


00 
00 
00 


00 
00 

00 


3-490 


80 


14a 


Contra^ 


Or 


[8J 


1817.  I 
Mar.29    7 


Apr.  30 


Apr.   7 


11 


Apr.  30 


By  Samuel  Hay,  for  her  sale 


4 


Contra^ 


Or. 


By  Profit  and  Loss 


Contrtty 


Cr, 


By  Sundries 


Contra^ 


Or. 


By  Samuel  Hay,  for  his  1-3  reni'g. 
By  Joseph  Otis,  for  dit        ditto 
By  Balance,  for  niy  1-3      diito 

In  the  next  set  of  Books,  open  the  voy- 
age, and  debit  it  to  Stock,  for  yo'.r 
1-3  remaining;  also  when  you  re- 
ceive the  net  proceeds,  debit  Cash 
to  Sundries,  viz. 

To  Voyage  in  Co.  for  your  1-3  share. 
To  each  partner,  for  his  1-3  share. 


4100 


00 


2n  00 


3350 


1163 
1103 
1163 

3i:0 


00 


60 
60 
60 

80 


146 


[9] 


Profit  and  Loss, 


Di 


;>0 


Apr.  5 
6 


Fo  John  Bradshaw,  for  abatement 
To  Checks,  lost  thereby 

To  Charges,  „ 

To  Canary  in  Co.  „ 

Vo  Canary,  „ 

To  Stock,  for  my  net  gain  on  two 
month's  trade 


Goods  o-a  of  John  Nash,        Dr. 


To  Cash  paid  Charges 

To  Sundries  for  closing  the  account 


8 

2 

8 

11 


525 

25 

271 

121 

30 

7597 


00 
00 
00 
00 
00 

51 


8569 


51 


ir5 

1425 
1600 


00 
00 

00 


14? 


Contra, 


Cr. 


[9] 


1817. 
Apr.  5 

6 

15 
17 


30 

?) 

3) 

M 

ry 


By  Bills  Receivable,  gained  by  Wine 
and  Oil 

By  Goods  o-a,  John  Nash,  gained  by 
Commission 

By  Oil  in  Co.  gained  by  Comnns^ion 

By  Bills  Receivable,  gained  by  dis. 

By  Canary  in  Co.  gained  b^  Com- 
mission 

By  Brandy,  gained  thereby 

By  Chandlery, 

By  Butter, 

By  J.  Vallens,  m-a*  in  Co 

By  insurance. 

By  Bottomry, 

By  Run  u\  Co.  „ 

>y  Ship  Endeavour  in  Co.  „ 

>v  Voyag*^^  to  Lisbon  in  Co.  „ 

By  Oil  in  Co.  „ 

By  J.  Brown,  o.a,  Exc.  in  Co 


Contra^ 


Cr. 


i3y  John  Bradshaw,  at  2.  per  gall,  for 
10  hhds:Wine,  800  gallons 


'J 

o 

U 
2 

»■> 

5 
6 

J? 

7 

8 

10 

j» 
12 


1249  )> 


3ir 


6li 
362 

39 

12 
125 
200 
256 
509 
500 
4718 
231 

76 

8569 


00 
00 
25 
50 
00 
00 
00 
25 
00 
75 
00 
25 

51 


1600 


00 


]4r. 


[lOj 


Voyage  to  Lisbon^ 


Di 


1817 
Apr.    8  12 


30 


Apr.   9 

le 

so 


Apr.  10 


12 


To  Sundries,    consigned  to   PhiK^ 

Jennings 
To  Profit  and  Loss 


Oil  in  Company^  Dr. 

(With  S.  Hay,  Jwpph  Otis,  and  self,  each  1-3  ) 


Yi)  George  Wood,  at 
for  30  tuns 


100.   per   tun. 


13 


To  Vn^fi   &  Loss  forniy  Con-.niissioi. 
To  James  Grant,  abatr'd  him 
To  Samuel  Hay,  for  lis  1-3  gain 
To  Joseph  Otis,  for  his  1-3  gain 
To  Profit  and  I.oss,  for  my  1-3  gain 


George  Wood^ 


Dr, 


To  Sundries  in  full 


5300 

4718 


10018 


GO 

r5 


3000 

iir 

90 
231 
231 
231 


3900 


00 
00 
00 
00 
00 
00 

00 


3000 


00 


149 


Contra, 


Ct. 


[lu 


i8ir. 

Apr.  21 


Apr.  10 
11 

13 


16 


B)  Philip  Jeninngs,  my  acct.  currt. 
for  net  proceeds 


Contra^ 


Cr. 


By  James  Grant,  at  150.  per  tun,  for 

one  tun 
By  Sundries,  at  150.  per  tun  for  nine 

tuns 
By  Canary  in  Co.  at  120.  per  tun,  for 

twenty  tuns 


Apr.  9 


12 


Contra, 


Cr. 


By  Oil  in  Company 


11 


11 


11 


10 


lOOU 


150 
1350 

24  0«' 
3900 


3000 


75 


00 
00 
00 
00 


00 


1  .j9 


11  J 


James  Grants 


Dr. 


181  r. 

Apr.  10 


Apr.  11 


Apr.  13 
17 


Apr.  17 


Vi 


14 


16 


To  Oil  in  Company, 


•10 


John  Whiston, 


Dr, 


To  Oil  in  Company, 


Canary 


Dr, 


(In  Co.  with  Haj,  Otis,  and  self,  each  one-tliird.) 


To  Oil  in  Co.  at  *J00.  per  pipe,  for 
12  pipes, 

To  Profit  and  Loss  for  my  Commis- 
sion on  sales, 


Canary^ 


Dr. 


To  Canary  in  Co.  at  200.  per  pipe, 
for  2  pipes. 


10 


11 


160 


900 


2400 
63 


2463 


00 


00 


00 
00 
00 


400 


00 


lil 


[11] 


Contra^ 

Or. 

1817. 
Apr.  16 

14 
14 

14 

16 

16 

By  Sundries, 

1 

1 

4 
3 

9' 

7 
I 

150 
900 

00 

Contra^                                    Cn 

Apr.  14 

By  Cash, 

GO 

900 

1200 
121 
121 

'     121 

2463 

Contra^                                    Cr. 

Apr.  15 
\7 
30 

By  Cash,   at    150.    per,  pipe,  for  6 

pipes, 
By  Sundries,  at  200.  per  pipe,  for  6 

pipes, 
By  S.  Hay,  for  his  1-3  of  the  loss, 
By  J.  Otis,  for  his  1-3  of  the  loss. 
By  Profit  and  Loss,  for  ray  1-3  of  the 

loss, 

00 

00 
00 
00 

00 

00 

150 

220 

:iO 

Contra^                                    Cr. 

Apr.  18 

19 
30 

By  J.  Ward,  at  150.  per  pipe,  for  1 

pipe. 
By  Cash,  at  220.  per  pipe,  for  1  pipe, 
liy  Profit  and  Loss  lost,  2  pipes, 

00 
00 
00 

400 

00 

152 


[12] 


Philip  Jennings^  m-a,  currU 


Dr. 


1817. 
Apr- 21 


Apr.  25 


27 


28 


30 


Apr.  30 


Apr.  30 


17 


18 


To  Voyage  to  Lisbon,  for  net  proceeds 


John  BrOlVn  o-a.  Ex.  in  Co.  each  1-2,     Dr, 


To  Cash  for  Waller  on  Johnson,  30  days 
Ditto,  Warren  and  Fox  on  J.  Butler,  at 

20  days 
Ditto,  Exchange  at  1.  per  cent. 
To  John  Jackson,  for  Taylor  on  Wil- 
liams, at  par 
To  Cash,  for  Vallens  on  Johnson,  at  10 

days,  par 
Ditio,  Clark  on  Nightingale,  20  days,  par 
To  John  Brown,  for  his  1-2  the  gain 
To  Profit  and  Loss  for  my  1-2  the  gain 


10 


John  Jackson, 


Dr. 


To  John  Brown,  o-a.  Exch.  in  Co. 


John  Brown, 


Dr, 


To  Balance  due  to  him 


NoTE.-This  account  is  not  in  the  Waste 
Book  or  Journal,  but  opened  here 
in  the  Ledger,  in  order  to  place 
his  share  of  the  gain  on  our  acct. 
of  Exchange  in  Co.  to  his  credit. 


12 


13 


10018 


1000 

1500 
25 

2000 

1500 

2000 

76 

76 


8177 


3587   50 


75 


00 

00 
00 

00 

00 
00 

25 
25 

50 


76 


25 


153 


Contra^ 


Cr. 


[12] 


i8ir. 

Apr.  23 


ir 


Apr.  29  18 


30 


Apr.2r 
30 


Apr.  30 


17 


By  Cash  for  my  Bill  on  him,  favour 
Harris  &  Co. 


Contra^ 


Or. 


By  Cash,  for  Waller  on  Jones, 

Warren  &  Fox  on  J.Butler, 
Taylor  on  Williams, 
Exchange  at  2  per  cent. 
By  J.  Jackson  for  Vallens  on  Johnson 
Clark  on  Nightingale, 
Exchange  at  2|  per  cent. 


12 


Contra, 


Cr. 


By  John  Brown  our  acct.  Exchange 

in  Co. 
By  Balance, 


Contra^ 


Cr, 


By  our  acct.  Exchange  in.  Co.  for 
his  J  gain, 


12 


10018 


1000 
1500 
2000 
90 
1500 
2000 

sr 


8i7r 


00 
00 
00 
00 
00 
00 
50 

50 


2000 
1587 

3:>8r 


76 


00 
50 


^5 


[13] 


154 


Balance, 


Dr, 


1817. 
Apr.  30 


To  Cash  remaining  in  hand, 

To  Bills  Rec.  No.  3,  on  J.  Vallens, 

4,  on  Wm.  Shellard, 

5,  on  J.  Johnson, 
To  Bottomry,  for  T.  Shaw's  contract, 

remaining. 
To  James  Ward,  due  of  him, 
To  Linen,  for  50  pieces,  at  8.  per  piece, 
To  Adventure   to  N.  Orleans,  for  my 

third  remaining. 
To  John  Jackson,  due  of  him, 


1 

37996 

3 

600 

8096 

1760 

6 

1000 

7 

150 

400 

10 

1163 

12 

1587 

52744 

76 
00 
93 
00 

00 
00 
00 

60 
50 

79 


155 


Contra, 


Cr. 


[13] 


1817. 
Apr.  30 


By  Joseph  Otis,        due  to  hiirij 
By  John  Nash,  „ 

By  William  Shellard,  „ 
By  Samue!  Hay,  „  , 

By  Joseph  Seidell,  „ 

By  Thomas  Johnson,  „ 
By  James  Thornhill,  „ 
By  John  Brown,  „ 

By  Stock  for  my  net  Estate, 


3 

710 

4 

2765 

7049 

710 

5 

7263 

570 

6 

2253 

12 

76 

1 

31347 

52744 

00 
00 
50 
00 
00 
00 
25 
25 
79 


79 


TRIAL  BALANCE, 


Dr. 

Cr. 

12034 

60 

Stock, 

35784 

80 

54063 

35 

Cash,              

16066 

69 

1948 

00 

Brandy, 

2310 

00 

665 

75 

Chandlery, 

606 

00 

325 

00 

Checks, 

300 

00 

107 

50 

Butter, 

120 

00 

14336 

93 

Bills  Receivable, 

3890 

00 

736 

40 

Joseph  Otis, 

2500 

00 

480 

00 

John  Nash, 

3245 

00 

William  Shellard,           -        .        .        . 

7049 

50 

4836 

40 

Samuel  Hay, 

6600 

00 

1587 

00 

Joseph  Selden,       -         -         -         -         - 

8860 

00 

680 

00 

Thomas  Johnson, 

1250 

00 

1275 

00 

John  Vallcns,  my  acct.  in  Co* 

1400 

00 

Insurance, 

200 

00 

3144 

00 

Bottomry, 

2400 

00 

2400 

00 

James  Thornhill, 

3644 

00 

150 

GO 

James  Ward, 

2068 

50 

Rum  in  Co.  with  J.  Thornhill, 

3087 

00 

400 

00 

Linen, 

3100 

00 

Ship  Endeavour  in  Co.  -         -         -         - 

4100 

00 

271 

00 

Charges, 

3490 

80 

Adventure  to  New- Orleans,    - 

525 

00 

Profit  and  Loss, 

1639 

61 

6300 

00 

Voyage  to  Lisbon,          -         .         -         . 

10018 

76 

3207 

00 

Oil  in  Company, 

3900 

00 

2463 

00 

Canary  in  Company,      -        -        -        - 

2100 

00 

400 

00 

Canary,         -        -         -        -        - 

370 

00 

8025 

00 

John  Brown  our  acct.  exchange  in  Co*'   - 

8177 

50 

3587 

50 
73 

John  Jackson,        -        -        -        -        - 

2000 

00 

131507 

131607 

73 

THE  MAimER  OF 

CLOSING  THE  LEDGER 


Amount  Dr.  side,  Cash    . 

Amount  Cr.  side  .     . 

By  Balance  in  hand, 


54063.35 


16066.59 
37996.76 


54063.35 


Credit  side  Brandy      .... 

Debtor  side         

To  Profit  and  Loss,  gained, 


2310.00 


1948.00 
362  00 


2310  00 


Credit  side  Chandlery      .     .     .        605.00 

Debtor  side        565.75 

To  Profit  and  Loss,  gained  39.  Z"* 

605.00 

Debtor  side  Checks     ....        325.00 

Credit  side         300.00 

«»  By  Profit  and  Ijoss,  lost  25.00 

325.00 

Credit  side  Batter        .     .     .     .        120.00 

Debtor  side         107.50 

To  Profit  and  Loss,  gained,  1 2 .  50 


120.00 


Debtor  side  Bills  Receivable    .     14336.><3 

Credit  side  3890.00 

By  Balance  unpaid,  10446.93 


14.^36.P3 


Credit  side  Joseph  Otis     . 


Debtor  side 

To  Balance  due  to  him, 


2731.00 


2021.00 
710.00 

2731.00 


Credit  side  John  Nash      .     . 

.      3245.00 

Debtor  side 

To  Balance  due  to  kirn 

480.00 
2765.00 

3245.00 

Credit  side  William  Shellard 

.    7049.50 

To  Balance  due  to  him. 

7049.50 

Credit  side  Samuel  Hay 

.      6836.00 

Debtor  sidn 

To  Balance  due  to  him 

.      6126.00 
710.00 

8850.00 


I C  redit  s  ide  Joseph  Selden 

Debtor  side 1587.00 

To  Balance  due  to  him  7263.00 

8850.00 


i5H36.00 


Credit  side  Thomas  Johnson 


Debtor  side         .... 
To  Balance  due  to  him 


2250.00 

680.00 
570  00 

1250.00 


Cr.  side  John  Vallen?,  m-a.  in  Co.  1400.00 

Debtor  side 1275.00 

To  Profit  and  Loss,  gained,        125.00 

1400.00 


Credit  side  Insurance    ....        200.00 
To  Profit  and  Loss,  gained,        200.00 


Credit  side  Bottomry    .     .     . 

By  Balance,  for  T.  Shaw's  > 

contract,  unsettled,       ) 

Amount  Credit  side  Bottomry 

Debtor  side  Bottomry       .    . 
To  Profit  arid  Loss,  gained 


2400.00 
1000.00 

3400.00 

3144.00 
256.00 

3400.00 


Credit  side  James  Thornhill 

Debtor  side 

To  Balance  due  to  him. 


4653.25 

2400.00 
2253.25 

4653.25 


Debtor  side  James  Ward       .     .        150.00 
By  Balance  due  of  him 150.00 


3087.00 


Credit  side  Rum  in  Co.  with  ^ 

James  Thornhill,  each  1-2  <»     

Debtor  .Mde 2068.50 

To  J  Thornhill, for  \-2gttin,         509.25 
To  Profit  and  Loss,  for  my  1-2  gatw,  509.2.^> 

3087.00 

400.00 
400.00 


Debtor  side  Linen        .... 

By  Balance  unsold  at  3.  peri 

piece,  for  50  pieces,         < 


4100.00 


Credit  side  Ship  Endeavour,  in 
Co.  with  James  Thornhill 
each  one  half    ,    . 


Debtor  side    .■ 3100.00 

To  J.  Thornhill  for  his  1-2  gam    500. 00 


in  ) 


148 


To  Profit  und  Loss/or  my  1-2  gain  50000 


4100.00 


Debtor  side  Charges     .     . 
By  Profit  and  Loss,  lost. 


271.00 


271.00 


Debtor  side  adventure  to  New- 
Orleang,  in  Co.  with  Samuel 
Hay,  Joseph  Otis  and  self( 
each  one  third    .... 


3490.00 


CLOSED    THUS 


By  S.  Hay,  for  his  1-3  remaining 
By  J.  Otis,  for  his  1-3  remaining 
By  Balance  for  my  1-3  remaining 


llG3.tJ0 
1163.60 
1163.60 

3490.80 


C I  edit  side  voyage  to  Lisbon  . 

Debtor  side 
To  Profit  arid  Loss,  gainedy 


10018.75 


5300.00 
4718.75 


1G01H.75 


3900.00 


Credit  side  Oil  in  Co.  with  S. ) 
Hay,  J.  Otis  &  self,  each  1-3  $     

Debtor  side 3207.00 

To  S.  Hay,  for  his  1-3  of  the  gain,  2:^1 .00 
To  J.  Otis,  for  his  1  3  of  the  gain,  231.00 
To  Profit  and  Loss,  for  my  1-3  do.    231.00 


3900.00 


Debtor  side  Canary  in  Co.  with  ) 
S.  Hay,  J.  Otis,  and  self  1-3.  i 

Credit  side 

ByS.  Hay,  for  his  1-3  of  Loss, 
By  J.  Otis,  for  his  1-3  of  ditto, 
By  Profit  and  I>.oss,  for  my  1-3  do. 


2463.00 

2100.00 
121.00 
121.00 
121.00 


2463.00 


Debtor  side  of  Canary  .     . 

Credit  Mde      .    *    .     .     . 
By  Profit  and  Loss,  lost. 


400.00 

370.00 
30  00 

400.00 


Creditside  John  Brown, 0  a.  Ex<h>  oi-**  <^ 
in  Co.  ea.hl-2     .     .    .     .    \  »»'7-^ 


Debtor  side 802.7.00 

To  J.  Brown,  for  his  1-2  gain  76.25 

1  o  Profit  and  Loss,  for  my  1-2  gain,    76.25 


8177.50 


Uebtor  side  John  Ja^ikson 

Credit  side     .... 
By  Balance  due  to  me, 


3587.50 


2000.00 
1587.50 


3587.50 


Credit  side  John  Brown 
To  Balance  rfwe  to  him. 


r6.25 


76.25 


THE 


SUBSIDIARY  BOOKS? 


COMPRISING  THE 


INVOICE  BOOK,  SALES  BOOK,  CASH  BOOK, 

EXPENSE  BOOK,  BILL  BOOK, 

CHECK  BOOK, 


AND 


BANK  ACCOUNT  BOOK, 


AVITH  THEIR  SEVERAL  USES  IN  PRACTICE. 


THE  INVOICE  BOOK 


THE  Invoice  Book  in  Inland  Trade,  contains  a  copy  of  the 
Invoices  or  Bills  of  Parcels  of  the  goods  which  the  merchant 
buys  or  purchases  on  his  own  account. 

The  Invoice  Book  in  Foreign  Trade,  contains  copies  or 
duplicates  of  all  the  Invoices  of  Goods,  which  the  merchant 
ships  off  to  sea,  or  receives  from  abroad;  either  on  his  own 
account,  in  gartnesliip,  or  for  others  on  commission. 

Invoices  of  Goods  received,  to  be  sold  on  commission,  are 
copied  into  the  Sales  Book,  to  which  the  subsequent  charges 
are  added. 

An  Invoice  is  a  paper  sent  off  with  goods  exported,  the  pre- 
amble containing  the  name  of  the  ship,  master,  place  of  destin- 
ation, and  of  the  person  to  whom  the  goods  are  consigned. 

An  account  is  next  given  of  the  quantity  and  amount  of  the 
goods,  which  are  generally  charged  at  prime  cost.  The  ship- 
ping charges  are  added  to  the  value  of  the  goods,  and  upon 
this  sum,  if  they  are  shipped  on  account  of  another,  the  mer- 
chant charges  his  commission. 

The  amount  of  the  several  Invoices,  can  be  transferred  im- 
mediately, from  the  Invoice  Book  into  the  Ledger,  without 
any  previous  entry  in  the  Day  Book,  debituig  the  several  ac- 
counts in  the  Ledger  to  which  they  belong,  for  their  respec- 
tive sums,  referring  to  the  page  of  the  Invoice  Book,  where 
entered,  with  these  references  placed  near  the  money  columns 
in  the  Ledger,  viz.  I.  B.  A.  P.  i.  e.  Invoice  Book  A.  &c. 
page  — 

But,  in  teaclfing,  this  is  not  the  best  method,  nor  in  prevent- 
ing errors,  for  the  Ledger  ought  to  be  posted  from  one  book, 
to  which  it  should  have  immediate  reference,  and  to  no  other. 

The  Invoice  Book  which  contains  the  copies  of  all  Invoices 
sent  off,  is  sometimes  called  the  Invoice  Book  outward,  to  dis- 
tinguish it  from  the  Invoice  Book  inward,  which  contains  co- 
pies or  duplicates  of  all  Invoices  received  from  abroad.  But 
this  book  might  be  dispensed  with,  by  preserving  the  originals, 
either  filed,  in  pigeon  holes,  or  pasted  in  a  Blank  Book  fitted 
for  that  use. 


Invoice  Book   A.  or  No.  1. 


Invoice  of  Sundries,  shipped  on  hoard  the  Mary,  John 
Ray,  Master,  for  Barbadoes,  consigned  to  Wm. 
Thompson,  merchant  there,  to  sell  for  my  account. 


New-York,  January  1.  ISlf. 


\v.  T. 


200  Barrels  of  Beef,  at  10.  per  bbl.  2000. 

100       „           Herrings,  4.       „  400 

1200  Bushels  Indian  Corn,  1.  per  1200. 
Cash  paid  Charges  of  Shipping  and 

Insurance  350. 


Entered  in  Day  Book,  page  3. 

Or  put  the  figure,  referring  to  the  Ledger, 
if  the  amount  is  transferred  thereunto,  in  the 
margin  of  the  Invoice  Book,  opposite  the  se- 
veral Invoices. 


3950 


00 


162 


[2] 


Invoice  of  Sugar,  shipped  on  board  the  Nancy,  IVm. 
Lawrencty  master,  for  Naples,  by  order  of  Edward 
Franklin^  merchant  th&e,  and  to  him  consigned, 
for  his  account  and  risk. 

New- York,  January  3. 1817. 


E.    F. 

No. 
1  to4 


No,  Cwt.  ^r.  lb.  Cwt.  ^r.  lb, 

1  Gross    9     1  20  Tare      1     1      11 

2  9     0  25  1     0     27 

3  9     2  17  1     1     00 

4  9     1  26  112 


Gross  .  . 
Tare  .  , 


37     3       4 
5     0     12 


5     0     12 


Net 


32    2     20  M  U.percnt. 
CHARGES. 


Debenture  Entry 
Cost  of  Hhds. 
Cartage,  Wharfage,  he. 


6.50 

15.00 

8.23 


Commission  on  389.4  at  5  per  cent. 
Insured,  at  the  Globe  Insurance,  378.  at  4  per 
cent,  to  cover  the  above  sugar 


Entered  in  the  Day  Book,  page  3. 


359 


29 
19 

15 


423 


2^ 


75 
45 

12 

61 


J  611 


[3] 


Invoice  of  Goods,  shipped  on  board  the  Sivan,  Charles 
Mills,  master,  for  Bilboa,  by  order  of  Wm.  Blount, 
merchant  there,  Jor  his  account  and  risk,  and  to  him 


consigned. 


New-York,  January  12.  1817. 


w.  B. 

No. 
1  to  14 


No. 

I  to  8 — 8  Bags  Pepper,  containing  net 

18961b.  at  .20  per  lb.  379.20 

9 — 1  Bale,  containing:  28  pieces 
of  printed  Calicoes  763yds.  at 
.50  per  yd.  381.50 

10 — 1  Bale,  containing  37  pieces 
of  fine  Bengal  Muslins,  amt'g. 
as  per  Bill  of  Parcels,  to  673.75 

II  to  14 — 3  Bales  of  Irish  Linen,  a- 

mounting,  as  per  Bill  of  Parcels, 

to  868.50 


CHARGES. 

Paid  for  packing,  cartage,  &c.  12.25 

Entry  Bond,  Bills  of  leading,  and  o- 

13.50 


ther  Charges 


Commission  on  2328  70,  at  5   per 

cent, 
insured,  with  the   Globe   Insurance 

C.>.  2560.63,  at  6  per  cent,  to 

cover  the  above 


Entered  in  the  Day  Book,  page  4. 


:^;i02 


25 
116 

15: 


95 


2598 


75 

43 

63 
76 


164 


[4] 


Invoice  of  Iron^  skipped  on   hoard  the  Betsy ^  Broivn, 
master^  for  Leghorn^  by  order,  and  for  account  of 
John  Collins,  and  to  him  consigned. 

New- York,  January  16.  1817. 


400  Bars  of  Iron,  weighing  234cwt.  3qrs.  at 
6.  per  cwt. 

CHARGES. 

Cartage,  &c.  Bills  of  Lading  ^c,  paid     1 7.50 
Cash  paid  Insurance  on  1434.30  at  7 

per  cent.  100.40 


Commission  on  1366.  at  5  per  cent. 


Entered  in  the  Day  Book ^  page  5. 


1348 


117 

68 


1534 


50 


90 
30 

70 


165 


L^j 


Invoice  of  sundry  Goods  shipped  onboard  the  Huron^ 
Wardivell,  for  Leghorn,  by  order  of  John  Nashy 
Merchant  there,  for  his  acct,  and  risk,  and  to  him 
consigned,  marked  and  numbered  as  per  margin. 


New-Yokk,  February  3. 

1817 

1.     N. 

No. 

6  to  13 

8  Hhds.  Sugar,  weighing  net  103 
cwt.  at  15.  per  cwt. 

1445. 

No. 

Cost  of  Hogsheads, 

16. 

1  to  12 

12  Casks  of  Bottled  Ale,  133  doz. 
at  3.  per  dozen, 

399. 

No. 

Casks, 

15. 

1  to  5 

5  Bales  Broad  Cloth: 

115  yards,  at  3.50  per  yd. 

105         do.      4.25       „ 

108         do.      3.r5       „ 

110         do.      5.00       „ 

112         do.      3.25       „ 

Wrappers  and  Cordage, 

One  chest  of  Cutlery,  amounting, 
as  per  enclosed  bill  of  par- 
cels, with  chest,  to 

402.50 
446.25 
405. 
550. 
363. 
4.50 

256.50 

4302 

75 

CHARGES. 

Packing,  Cartage,  &c. 

6.25 

Shipping  charges, 

12.75 

19 

00 

Commission  on  4321.75,  at  5  per 

cent. 

216 

8 

Insured  with  the  Globe  Insurance  Company, 

4537.83,  at  6  per  cent. 

272 
4810 

27 
10 

_ 

Entered  in  the  Day  Book,  pc 

tge  14. 

" 

16t> 


w 


Invoice  of  Six  Hogsheads  Tobacco,  shipped  on  board 
the  brig  Betly,  Winsiow,  for  Stockholm^  on  the 
account  and  risk  of  Charles  Chambers,  Merchant 
there,  and  to  him  consigned. 

NttW-YoRK,  February  8.  18ir. 


c.c. 


1  to  6 


No,     Cwt,  Qr.  lbs. 


1 

la 

1 

10 

Tare, 

2  19 

2 

19 

•2 

12 

3     5 

3 

18 

1 

10 

2     6 

4 

18 

1 

14 

2  21 

5 

1-2 

3 

26 

1     6 

6 

U 

3 

b 

1   15 

Gross, 

100 

1 

21 

9 

1   16 

Tare, 

9 

1 

16 

Xet,       91     0       5()r  lOloribs.  at.lOperlb. 
CIIAKGES. 


Bonds  and  Custom  House  entry, 
Cost  of  erapt)  H  >gsheadF, 
l/>adinp:  aii(i  small  charges, 
Bills  of  Ijadinc:, 
Brokage  on  1019.70,  at  h  per  cent. 


2  50 

18.00 

4,-25 

.75 

5.98 


Commission  on  10.'>I.18,  at  5  per  cent. 
Insured  with  the  Globe  insurance  Company, 
1101.15, at  6  percent. 


Entered  in  the  Day  Book,  page  15. 


101  ;4 


31 
52 

66 


1169 


70 


48 
56 

6 

80 


ler 


ni 


Invoice  of  Eight  Hogsheads  of  Sugar ^  shipped  on  hoard 
i  the  Neptune^  J,  Smith,  Master,  for  Hamburgh,  on 
account  of  Wm.  Chulmley,  said  place,  and  to  him 
consigned. 

New  York,  February  15,  IBlT. 


w.  c. 

No. 

No,       Cwt.  ^r,  lbs. 

6  to  13 

6           14     2     16       Tare,  1.3       8 
r           13     1     20                  1     2     19 

8  16     3     00                  2     0     13 

9  14     3     14                  1     3     12 
10           15     1     24                  13     U 
n           12     2     14                  1     3     21 

12            15     3     16                   12       8 

13           13     2     14                  1     1     20 

lir     1       6                14     1       6 

14     1       6 

1133 

Net,   103    0      0  at  11  per  cent. 

00 

CHARGES. 

Bond  and  Custom  House  Entry                2.50 

Bills  of  Lading                                           0.15 

Warehouse  Rent,  Loading  and  Cartage  8.50 

11 

7b 
23 

Commission  on  1144.75,  at  5  per  cent. 

Due  to  the  Globe  Insurance  Company,  for 

insuring  the  above  Sugar 

105 

99 

# 

1305 

97 

Entered  in  the  Day  Book,  Page  18. 

1 

J6( 


[8 


Invoice  of  Sundries^  shipped  on  hoard  the  Sarah,  for 
Barbadoes,  co7isis^ned  for  sales  and  returns  to  Wil- 
Ham  Thompson,  Merchant  there,  on  acct.  and  risk 
of  said  Thompson  and  the  Shipper,  each  one  half 
share, 

Nkw  York,  February  25.  1817. 


50  M  White  Oak  Staves,  at  18.  per  M  900 
40  hhds.   Indian  Corn,  containing 
320  bushels,  at  1 .25  per  bushel 
200  bundles,  conta'ing  10  M  Long- 
wood  Hoops,  at  20.  per  M 

6  Cables,  )  As  per  inclosed  Bill 

26  Coils  of  Rope,  S         °f  P^^^^^i^ 


400. 

200. 
1291.50 


CHARGES. 

Paid  for  Cartage,  Wharfage  and  Load- 
ing 20.00 
Shipping  Charges  and  Bills  of  Lading    14.50 


Commission,  on  2826.  at  5  per  cent. 
Premium  of  Insurance,  insured  with  the  Globe 

Insurance  Company,  2967.  at  6  per  cent. 

to  cover  the  above 


Entered  in  the  Darj  Book,  page  22. 


2791 


34 
141 


178 


3145 


50 


50 
30 


32 


169 


[9] 


Invoice  of  Sundries  shipped  on  board  the  JunOy  Willimn 
Tredwell,  Master,  for  Jamaica,  on  the  proper  ac- 
count and  risk  of  Thomas  Shaw  and  Co,  of  Lon- 
don^ consigned  to  Johri  Home  and  Co,  Merchants 
in  Kingston,  for  sa^es  and  returns  to  said  Shaio 
and  Co.  contents ,  costs  and  charges  as  under. 

New-York,  February  27.  1817. 


I.  H. 

&Co. 

30  Firkins 

of  best  Butler : 

No.    lbs. 

lbs. 

No.  lbs. 

lbs. 

No.  lbs. 

lbs. 

1  61 

Tare  11 

11  62 

Tare  10 

21  63 

Tare  U 

2  60 

13 

12  65 

11 

22  64 

16 

3  64 

11 

13  63 

13 

23  65 

15 

4  67 

14 

14  60 

li 

24  67 

11 

5    61 

14 

15  67 

12 

25  61 

10 

6  63 

13 

16  66 

11 

26  60 

12 

7  65 

15 

17  64 

13 

27  61 

13 

8  61 

11 

18  61 

11 

28  67 

11 

9  60 

11 

19  61 

16 

29  64 

15 

10  60 

14 

20  67 

17 

30  63 

11 

. 

1 

622 

127 

636 

622 

'  635 

1893 
:i80 

125 

635 

128 
125 
127 

380 

Net, 

1513 

at  .30  per  lb 

80  Barrels  of  Beef,  at  10.  per  bbL 
60      do.  Pork,       14.       „ 


Charges  paid  on  the  above, 
CoiiiQiission  on  2093.90,  at  4  per  cent. 


Entered  in  the  Day  Book,  page  23. 


Z 


453 

800 
840 


209a 
63 
83 


90 

00 
00 

90 
75 

75 

40 


iro 


INDEX  TO  THE  INVOICE  BOOK. 


INV^BpEof  suDflries  fihipped  on  board  the  Mary,  con- 
signed to  Williani  Thompson  on  my  own 
account, 1 

of  Sugar  shipped  on  board  the  Nancy,  for 

Naph^s,  on  acct.  of  Ed.  Franklin,         -         2 

of  sundries  shipped  on  hoard  the  Swan,  for 

^  Bilboa,  on  acct.  of  Wm.  Bh^unt,  -         3 

^|L^.  V  •  •  of  Iron  shipped   on  board  the  Betsey,  for 
^^  Leghorn,  on  acct  of  John  Collins,       -         4 

•  •...•••••  of  sundries  shipped  on  board  the  Huron,  for 

Leghorn,  on  acct.  of  John  Nash,        -        5 

of  TobLU'Co  shipped  on  board  the  Betty,  for 

Stockholm,  on  acct.  Chas.  Chambers,  t> 

of  Sugar  shipped  on  board  the  Neptune,  for 

Hamburgh,  on  acct.  of  Wm.  Chulmley,        7 

> of  Goods  shipped  on  board  the  Sarah,  for 

Baibidoes,  consigned  to  Wm.  Thomp- 
son, on  acct.  of  said  Thompson  and  the 
shipper,     ------  8 

.  •^ of  sundries  shipped  on  board  the  Juno,  for 

Jamaica,  on  acct.  Thomas  Shaw  &  Co. 

of  London.        .        .        -        -  > 


SALES  BOOK,  A.  or  No.  1 


This  book  is  used  to  find  the  net  proceeds  of  any  cargo  or 
consignment,  sold  on  commission. 

An  account  of  sales  comraordy  occupies  two  pages,  with  a 
preamble  over  both,  setting  forth  the  names  of  the  goods,  ship, 
and  person  from  whom  the  consignment  is  received.  The 
left  hand  page  comprizes  an  account  of  the  several  charges, 
incurred  by  the  transactions,  such  as  freight,  and  all  other  ex- 
pences  attending  the  goods  until  they  are  sold,  together  with 
Brokage,  if  any.  Factor's  Commission,  and  sometimes  Insu- 
rance from  Fire. 

The  right  hand  page  contains  an  account  of  the  quantity, 
price,  and  amount  sold,  with  the  buyers  name,  if  purchased  on 
credit,  also  the  time  of  payment.  The  difference  between  the 
sales  of  the  goods  and  charges  is  the  net  proceeds,  for  which 
the  Factor  credits  his  employer,  and  sends  him  a  copy  of  the 
account  sales,  to  which  he  usually  signs  his  name,  with  the 
place  of  his  residence,  and  the  words  errors  excepted. 

Note  I. — The  net  proceeds  of  the  several  accounts  of  sales, 
can  be  immediately  placed  from  the  Sales  Book,  to  the  credit 
of  the  respective  owners  in  the  Ledger,  with  these  reference 
letters  placed  near  the  money  columns,  S.  B.  A.  F.  (i,  e,)  Sales 
Book  A  fol 

2. — If  the  net  proceeds  of  any  of  the  sales  be  settled  or  dis- 
charged, before  they  are  transferred  to  the  credit  of  their  re- 
spective accounts  in  the  Ledger,  mark  i\iempaid  in  the  margin 
of  the  Sales  Book,  also  in  that  of  the  Day  Book  if  entered  there, 
which  will  be  a  sufficient  proof  that  they  are  settled,  or  liqui- 
dated. 

It  is  presumed,  that  in  this  instance,  the  Factor  has  no  ac- 
count opened,  with  his  Correspondent,  in  the  Ledger. 


172 


1] 
Dr. 


Sales  of  500  pieces  of  Linen,  received  per 


Jan.Sri 


Jan.  29 


CHARGES. 

To  Cash  paid  Duty, 
„  Freiglit,  at  .20  per  piece, 
„  Cartage,  poftcrage,  &c. 
„  Warehouse  rc^nt, 
„  Insurance  from  fire, 
„  Postage  of  Letters, 


360.25 

100.00 

11.25 

50.00 

38.00 

1.25 


„  Interest  on  560.75,  money  advanced,   20 

days,  at  7  per  cent. 
„  Commission  on  7112.50  total  sales,  at  5 

per  cent. 


To  William  Martin  his  acct.  for  net  proceeds 
when  collected, 


Note, — The  Charges, 


560.75 
Interest  on  money  advanced,  2. 1 8 
Commission  on  the  total  sales,  355.62 


918.55 
This  sum  subtracted  from  the  sales,  gives 

the  net  proceeds :  thus, 
Total  sales,  7112.50 

Charges,  918,55 


Net  proceeds. 


6193.95 


560 
2 

355 


918 

6193 
7112 


75 
18 
62 
55 

95 
50 


ir3 


[1] 


the  Diana,  fro7n  Dublin^  on  accU  Win,  Martin.     Cr. 


I8ir. 

Jan. 26 

27 
29 


SALES. 

By  Cash  at  public  Sale  : 
50  pieces  at  1 1.75  per  piece, 
50         „         13.75         „ 
50         „         15.75 


587.50 
687.50 
787.50 


By  James  Yielding,  sold  him  at  2  months,  150 

pieces,  at  14.  per  piece, 
By  John  Vallens,  sold  him  at  3  months,  200 

pieces,  at  14.75  per  piece. 


Entered  in  the  Day  Book,  page  7. 


•2062 
2100 
2950 


7112 


50 
00 
00 


50 


ir4 


[2J 
Dr. 


Sales  of  20  hhds.  Sugar  received  per  the 


18ir. 


Feb.  3 


11 


CHARGES. 

Cwt. 
To  Duty  at  2.80  per  ct.  233 
„  Freight  at  8.  per  hhd. 
„  Landing  and  Weighing, 
„  Wharfage, 
„  Warehouse  Rent, 
„  Cooperage, 


2 


lbs, 
15 


654.1  r 

160.00 

6.50 

3.75 

16.00 

1.75 


„  Interest  for  30  days  on   842.17,  charges 

paid  on  the  consignment,  at  7.  per  cent. 

„  Commission  on  the  total  sales,  at  5.  per  ct. 

To  William  Roberts,  for  net  proceeds  when 

collected, 

Entered  in  the  Day  Book, page  16. 


842 

4 
151 

2038 


30;i7 


17 

91 

86 

29 


23 


175 


[2] 


Neptune  from  Jamaica  on  acct.  of  Wm.  Roberts-     Or, 


i8ir. 


Feb.  11 


SALES. 

By  George  Qninton,  sold  him  20  hhds.  Sugar, 
payable  in  3  months. 

No,  Cwt,  2r,  lbs.      No.  Cwt.  Br.  lbs. 


1  12  1 

2  13  2 

12  0 
14  3 

13  2 

14  1 
12  2 


11 

10 
9 
8 

11 

9 

7 


8  13 

9  14 

10  15 

11  12 

12  U 

13  12 


14  13  0 


8 

10 
11 
18 
19 
21 
00 


93  1 


93  0 


No,  Cwt,  Br,  lbs. 

15  10  2   18 

16  12  1   10 

17  12  2  19 

18  12  3  17 

19  13  2  10 


20     12     1 

19 

74     2 
93     1 
93     0 

9 
9 
3 

260  3 

27  1 

21 

6 

Gross, 
Tare, 


Net,    233  2  15  at  13.  per  cwt. 


3037 


22 


176 


[3] 


Dr.     Sales  of  24  Bags  Cotton^  received  per  the  Mercu- 


1817. 
Feb.  4 


reb,  2 


CHARGES. 

To  Duty  paid  on  the  consignment,       212.94 
„  Freight,         do.  do.  168.00 

„  Wharfage,  cartage  and  weighing,  6.75 
„  Mending  for  delivery,  picking 
damage  and  making  merchanta- 
ble, 14.50 
„  Advertising  for  sale  and  catalogues,  3.00 
„  Sale-room  charges,  4.00 
„  Insurance  from  fire,  20.00 
„  Warehouse  rent,                                12.00 


„  Interest  for  10  days  on  441.19,  at  f  per 

cent. 
„  Commission  on  2288.55  total  sales,   at  5 

per  cent. 
To  William  Roberts  for  net  proceeds  when 

collected, 


441 

114 
1732 


19 

85 

42 

9 


2288  55 


vr 


[3] 


ry,  fVilUamSj  from  Jamaica  J  071  aecL  Wm*  Roberts,  Cr. 


1317, 


Feb,21 


Sales. 


By  Cash  for  24  Bags,  sold  for  ready  money  : 


Lot  l- 

-8 

Bags. 

Lot2- 

-8  Bags. 

Vo.  Cwt 

dr. 

lbs. 

No.  Cwt 

Qr.   ibs. 

1  2 

2 

12 

9  2 

2  12 

2  2 

1 

26 

10  2 

2  18 

3  2 

2 

10 

11  2 

2  20 

4  2 

2 

16 

12  1 

1  24 

5  2 

3 

10 

13  2 

3  16 

6  3 

1 

7 

14  2 

1  24 

7  2 

2 

16 

15  2 

3  18 

8  ..2 

3 

19 

16  2 

2  26 

Gross,  22     0       4 
Tare,  2     18 


20     1     18 
3     12 


Net,     21     1     14 


19     2 


Lot  3- 

-8  Bags, 

No. 

Cwt 

Qr.  lbs. 

17 

2 

1  ir 

18 

2 

3  19 

19 

3 

9 

20 

2 

2  16 

21 

3 

22 

2 

1   19 

23 

2 

3  10 

24 

2 

2  19 

21 

3 

25 

3 

26 

20 

3 

27 

21 

1 

14 

19 

2 

6 

61     3     19  or  69351bs.  at 
.33  per  lb. 
Entered  in  the  Day  Book,  page  19. 


2288 


A  a, 


178 


INDEX  TO  THE  «ALES  BOOK. 


SALES  of  Linen,  per  the  Diana,  from  Dublin,  on  acct. 

of  William  Martin, 1 


of  Sugar,  per  the  Neptune,  from  Jamaica,  on 
acct.  of  William  Roberts,     -        -        -        -    2 

of  Cotton,  per  the  Mercury,   from  Jamaica,   on 
acct.  of  William  Roberts,      .         -         -        -     3 


CASH  BOOK,  A.  or  No.  i. 


The  Cash  Book  contains  an  account  of  all  money  transac- 
tions, it  is  kept  in  folio  form  like  the  Ledger,  with  the  Dr. 
marked  on  the  left  hand  page,  and  the  Cr.  on  the  right.  On 
the  Dr.  side  is  entered  all  the  money  received,  and  on  the  Cr, 
side  all  the  money  paid.  The  excess  of  the  Dr.  above  the  Cr. 
side,  will  always  be  the  money  on  hand  ;  the  proper  entries 
with  respect  to  the  Cash  Account  being  made.  The  amount 
of  these  receipts  and  disbursements,  are  generally  carried  to 
the  proper  side  of  the  Cash  Account,  in  the  I^edger,  ever/ 
month. 

The  Cash  Book  may  also  be  abridged  by  the  help  of  a  pet- 
ty Cash  Book,  containing  an  account  of  small  charges  on  Mer- 
chandize, of  Family,  and  other  incidental  expences.  Or,  put  a 
quantity  of  money  into  a  purse  or  drawer,  and  when  that  is  ex- 
pended in  such  small  disbursements  as  you  are  obliged  to  make^ 
credit  the  Cash  Account  for  that  sum. 

All  the  money  you  receive,  daily,  for  goods  sold  &c.  can 
be  entered  in  one  entry  on  the  Dr.  side  of  the  Cash  Account, 
keeping  an  account  of  the  same  through  the  day,  on  a  slate 
or  separate  paper,  or  counting  it  from  the  Till,  after  the  busi- 
ness of  the  day  is  closed.  All  the  money  paid  for  the  pur- 
chase of  Goods  &c.  can  be  entered  on  the  credit  side  of  tire 
Cash  Account,  after  the  same  manner. 

The  form  of  keeping  a  Cash  Account,  exhibited  in  the  fol- 
lowing Cash  Book,  is  entering  the  Cash  on  hand,  at  opening 
the  Books  in  the  Cash  Account  in  the  Ledger,  and  transferring 
the  monthly  amount  from  the  Cash  Book  thereunto,  and  balan- 
cing that  account  when  the  Books  are  closed.  For  the  second 
/orm^  see  Cash  Book  annexed  to  Ledger  No.  4. 


[1] 


181 
Jan. 


Cash. 


7. 
5 
15 
^j 
27 
2» 
29 
31 


180 


Fo  Interest,  received, 

„  Hills  Receivable/  „ 

„  Bills  Kectivable,     „     ' 

„  Farm  in  Jersey,       „ 

„  Ship  Mary,  „ 

„  Sales  per  the  Diana,  „ 

„  Debentures,  „ 


Received  this  Month. 


Du 


LF 

14 

4 

6 

1000 

28^6 

5 

300 

3 

256 

15 

2062 

5 

204 

'  6683 

[2 


fiash^ 


Dr. 


1817\|DP 
Feb.  ^13 
9 
12 
17 
18 
21 
22 
28 


To  Bills  Receivable, 
„  do. 

„  do. 

„  do. 

„  Interest, 

„  Sales  per  the  Mercury, 
„  Bills  Receivable, 
do. 


Received  this  month, 


658 
460 
650 
400 
270 
2288 
1462 
867 


7056 


181 


LI 


Cont 

ra, 

6V. 

1817. 

PD 

LF 

Jan.    1 

-} 

By  Voyage  to  Barbadoes, 

paid, 

12 

350 

00 

3 

Hy  Echvard  Franklin, 

>j 

8 

29 

75 

5 

4 

By  Bills  Payable, 

j> 

11 

89- 

00 

8 

By  Voyage  to  BarbadoCF, 

J) 

12 

332 

56 

12 

4 

By  William  Blount, 

j> 

8 

25 

75 

b 

By  Bills  Payable, 

5) 

11 

1500 

00 

16 

By  John  Collins, 

3> 

16 

117 

90 

26 

6 

By  Bills  Payable, 

J> 

11 

1100 

00 

29 

8 

By  Sales  per  the  Diana, 

J> 

15 

560 

75 

30 

By  Sundries. 

J> 

1504 

00 

31 

By  House  Expenses, 
Paid  this  Month; 

)) 

16 

256 

75 

6669 

46 

1 

ContrUy 


Or. 


[2] 


1817. 
Feb.  3 
4 

5 

8 
10 
11 
14 
15 
17 
19 

21 

22 
24 
25 

27 
28 


22 


23 


By  John  Nash,  paid  charges, 

By  Brandy,  „ 

By  Bills  Payable, 

By  Lottery  Tickets, 

By  Charles  Chambers, 

By  Bills  Payable, 

By  Sales  per  the  Neptune, 

By  Adventure  to  Glasgow, 

By  William  Chulmley, 

By  Bills  Payable, 

By  Adventure  from  Jamaica, 

By  Globe  Insurance, 

By  Bills  Payable, 

By  Sales  per  the  Mercurv, 

By  Bills  Payable, 

By  Sundries, 

By  Adventure  to  Barbadoes, 

By  Thomas  Shaw, 

By  Sundries, 

Paid  this  Month. 


LF 

17 

18 
11 
19 
20 
11 
15 
20 
15 
11 
19 
13 
21 
15 
11 

21 


19 

350 

800 

11 

31 

967 

842 

700 

11 

600 

1000 

500 

800 

441 

800 

1618 

34 

63 

486 


10076 


00 
00 
00 
00 
48 
00 
17 
00 
75 
00 
Ot) 
00 
00 
19 
00 
44 
50 
75 
31 

59 


BOOK  OF  HOUSE  EXPENSES 


House  Expenses  Dr.  To  Cash, 


1817. 

Jan.    1 

10 

15 

20 

26 

28 
29 
30 

Feb.  2 

6 

10 

16 

20 
25 

26 
27 

n 

3) 


Paid  for2  bbls.Flouratr.;  Beef,n4  lb.  at  .6 
„  Quarter  Mutton,  16  1b.  at  .6  per — Sugar, 

14  lb.  at  .12  1-2  per, 
„  Hat,  4.— Silk  Coat  for  Mrs.  S.  15.— 1 

pair  Boots,  8. 
„  3  Heads  Cabbage,  .20 — 2  pair  Shoes,  4. 

—7  lb.  Rice,  .30, 
„  1  piece  Linen,  12.50 — 1  cwt.  RyeFlour, 

2.50. 
„  40  lb.  Butter,  .25  per — 8  yds.  black  silk 

lace,  .63  per, 
„  2  bushels  Potatoes,  1.50 — 1   cwt.  Indian 

Meal,  2. 
„  2 Chaldron  Coals 32.— 4 Cords  Wood,20 
Paid  for  a  Horse,  Bridle  and  Saddle, 
Entrrediji  the  Dai/  Book^  Page  8. 


raid  lor  Mutton,  2. — Beef,  1 50  lb.  at  .6  per 

— Onions^.  1 6, 
„    Turnips,     .50 — Cabbage,    Jb — Black 

smith's  Bill,  4. 
„  Greens,   .40 — Fruit,  .50 — Cheese,  4.— 

Porter,  3. 
„  1  bbl.  Cider,    2.50—1   do.    Beer,    4.— 

Turkey,  Jb^ 
Paid  the  Nurse, 
„  1  box  Candles,  5.25— Rusk,  .25— Tea, 

1.75, 
„  the  Taylor's  Bill,  10.— Eggs,  .60, 
„  the  Milkman,  3. — Cotton  Yarn,  3. — Hose, 

3.75,  * 
„  Butter,  2.25— Veal,  1 .25— Oysters,  .75, 
„  Onions,  .25 — Muslin,  5.50, 

Entered  in  the  Day  Book  page  23. 


F\D  or  THE  BOOK  OF  HOUSE  EXPENSE?. 


20 
2 

27 
4 

15 

15 

3 

52 
116 


256 


11 
5 

7 

7 
50 

7 
10 


84 

71 

00 

50 

00 

04 

50 
00 
16 

75 

16 

25 

90 

'25 
25 

25 
50 


119 


75 
25 
75 

31 


BILL  BOOK,  No.   1 


The  Bill  Book  is  a  register  of  Bills,  whether  payable  or  re- 
t^eivable.  Bills  Receivable,  are  those  which  you  receive  in 
payment  of  some  debt  or  contract. 

Bills  Payable,  are  those  which  are  drawn  upon  you,  and,  if 
accepted,  must  be  paid  when  due.  Or  they  are  notes  which 
you  give  to  another  in  payment  of  something  received  in  re- 
turn. 

When  Bills  Receivable  come  to  hand,  the  several  remitters 
might  be  credited  in  the  Ledger,  immediately,  from  the  Bill 
Book,  without  any  previous  entry  in  the  Day  Book,  for  the 
amount  of  Bills  remitted  by  each  of  them,  prefixing  these  refer-, 
ences  near  the  money  columns,  viz.  B.  R.  1.  B.  1.  P.  i,  e.  Bills 
Receivable  No.  1  &c.  Bill  Book  No.  1  or  A  page 

When  Bills  Payable  are  accepted,  the  several  drawers  might 
be  debited  in  the  Ledger,  immediately,  from  the  Bill  Book, 
Avithout  any  previous  entry  in  the  Day  Book,  for  amount  of 
Bills  drawn  by  each  of  them  on  you ;  prefixing  their  refer-* 
ences  near  the  money  columns  in  the  Ledger,  viz.  B.  P.  T.  B. 
r.  P.  i,  e.  Bills  Payable  No.  7  &c.  Bill  Book  No.  1,  or  A. 
page 

At  the  end  of  every  month,Bills  Receivable  can  be  charged  in 
the  Ledger  with  the  amount  of  Bills  received,  to  be  paid  for 
that  month,  thus :  To  Sundries  for  amount  received  to  be  paid 
this  month  ;  and  when  the  value  of  all  the  Bills  for  that  month 
13  received.  Credit  them  By  Cash  for  their  amount  received  that 
month. 

At  the  end  of  every  month,  Bills  Payable  might  be  credited 
in  the  Ledger,  from  the  Bill  Book,  for  the  amount  of  Bills  ac- 
cepted, to  be  paid  by  you  that  month,  and  when  the  amount  of 
Bills  for  that  month  is  paid,  debit  the  account  of  Bills  Payable 
To  Cash,  for  the  amount  of  Bills  paid  that  month. 

When  the  several  Bills  Receivable  are  paid  you,  debit  the 
Cash  Account  for  that  sum,  without  making  any  second  entry, 
as  the  account  of  Bills  Receivable  in  the  Ledger,  is  to  be  cre- 
dited monthly,  for  the  amount  of  Cash  received  by  you  for 
Bills  that  month. 

When  the  several  Bills  Payable  are  paid  by  you,  credit  the 
Cash  Account,  at  the  time  of  payment,  for  the  sum  paid,  with- 
out making  any  second  entry,  as  the  account  of  Bills  Payable 
in  the  Ledger  is  to  be  debited,  monthly,  for  the  amount  of  Bills 
paid  by  you  for  that  month. 


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'5       «       te       aJ  o 

£     ^      o     :^     ^     !>► 

'^  .«  IT<  rt!  S  r* 


^    ?5    ?5     gJ    g5    §5 

'-     '■ 

N        1-1        ^        rj< 

1 

1 

o. 

1 

s     .     -     -   '^ 
J    5    5    i    e    2 

o   S   5   3   ^   a 


2  2 


1^  f» 


CHECK  BOOK 


Manhattan  Bank, 


]317. 

Jan. 2.  Cash  Deposited, 
4.  No.  1, 


6.  No.  2, 
No.  3, 


600.00 
75.00 


7.  Deposited, 


8.  Nole    collecled 
T.  Saunders, 


9.  No.  4, 


12.  Dis.T.Bakewell's 

Note,  1000.00 

Dis.  63  days,  10..')0 


13.  No.  5, 


20.  No.  6, 
No.  7, 


312.50 
45.00 


Cash  deposited, 
Bal.  carried  forw'd 


6746 
694 


6052 
67^ 


5377 
1000 


6377 
1200 


7577 
675 


6902 


989 


7892 
987 


6905 


357 


6547 
516 


7064 


No.  1. 

Hones  &  Town,  for 
Goods  purchased  at 
auction, 

Jan.  4,  1817. 


No.  2. 
For  our  Note  to  Boggs 

&£.  Thompson,  in  the 

PiKjenix  Bank, 
Jan.  6,  1817. 


No.  3. 
Bhick  Smitli's     work, 

paid  D.  Adams, 
Jan.  6,  1817. 


No.  4. 
W.  Tliompson,  for    1 

Bale  Linens, 
Jan.  9,  1817. 


No.  5. 
Paid  A.  &.  N.  Brown, 
for   repairs   of    the 
Ship  Neptune, 


No.  6. 
J.  Taylor,  for  House- 
rent, 
Jan.  20,  1817. 


No.  7. 

Petty  Cash, 

Jan.  20,  1817. 


694 


15 


600 


76 


675 


00 


00 


00 


987 


312 


45 


00 


50 


00 


lar 


Manhattan  Bank. 


1817. 

No.  8.                , 

Jan. 

For  my  Note  to  Cush- 

20.  Balance    bro't    for- 

. man  &l  Falconer,  in 

ward, 

7064 

25 

the  Bank  of  Amer. 

658 

66 

24.     No.  8, 

658 
6405 

66 
59 

Jan.  24,  1817. 

No.  9. 

26.  A.  B.'s  Note    Dis- 

For Carpenter's  work, 

counted,    500.00 

paid  C.  Trinder, 

112 

75 

Dis.  off  33  days  2.75 

4Q7 

S/i 

Jan.  2S,  1817. 

Tt«7  1 

Ar«/ 

No.  10. 

6902 

84 

Tripler,  Craig  Sl  Allen, 

28.  No.  9,              112.75 

for  Goods  purchased 

No.  10,         1500.00 

at  auction, 

1500 

00 

No.  11,             68.00 

Jan.  28,  1817. 

1680 

7^ 

1  if 

No.  11. 

5222 

9 

Petty  Cash, 

68 

00 

30.  Deposited, 

2768 

75 

Jan.  28,  1817. 

Balance  in  Bank, 

7990 

84 

What  is  the  discount  on 
a  Note  of  1000.  that 
has  63  days  to  run, 

To  find  the  Bank  Dis- 

count on  Notes  that  have 

in  the  Bank,  at  6  per 

have  33,  63,  or  any  num- 

cent.? 

ber  of  days  to  run,  inclu- 

ding 3  days  grace  : 

1000. 

RULE. 

63 

Multiply  the  amount 



of  the  Note  by  the  num- 

6,000)63,000 

ber  of  days  it  has  to  run, 

and  divide  that  product 

10.50  .^ns. 

by  6000  ;  the   quotient 

will  be  the  discount  re- 

quired. 

360+ lOO-H- 6=6000 

EXAMPLE. 

What  is  the  discount  on 

a  Note  of  500.  that 

has  33  days  to  run,  in 

the  Bank,    at   6   per 

cent.  ? 

500. 

33 

6,000  )  16,500 

2.75  Ans, 

BANK  ACCOUNT  BOOK. 


Dr.                Merchant- s 

Bank, 

Cr. 

1817. 
Jan.    1 

To  Cash  deposited, 

I 
456 

75 

1817. 
Jan.    3 

By  Casli 
withdrawn 

300 

00 

2 

Do.         do. 

614 

80 

6 

Do. 

760 

85 

3 

Do.         do. 

714 

00 

7 

Do. 

100 

00 

5 

Note  collected, 

479 

30 

9 

Do. 

1344 

00 

6 

Cash  deposited, 

874 

30 

10 

Do. 

375 

60 

7 

Do.         do. 

456 

75 

12 

Do. 

676 

86 

8 

Discount, 

674 

50 

15 

Do. 

876 

00 

9 

Notes  collected, 

1766 

25 

17 

Do. 

275 

86 

10 

Cash  deposited, 

1450 

00 

19 

Do. 

275 

33 

11 

Do.         do. 

999 

75 

20 

Do. 

1380 

00 

13 

Discount, 

665 

50 

23 

Do, 

84 

9 

15 

Cash  deposited, 

2000 

00 

24 

Do. 

1840 

10 

16 

Do.         do. 

1244 

25 

25 

Do. 

90 

75 

17 

Do.         do. 

314 

66 

26 

Do. 

111 

00 

20 

Discount, 

700 

00 

27 

Do. 

375 

66 

22 

Notes  collected, 

1400 

00 

29 

Do. 

274 

00 

26 

'    Cash  deposited, 

375 

50 

30 

Do. 

644 

00 

27 

Do.         do. 

484 

90 

Balance 

29 

Discount, 

876 

55 

n-a  fol. 

7357 

96 

30 

Note  collected, 

584 
17132 

30 
6 

17132 

6 

Dr,                  Merchant'^ 

s  Bank. 

« 

CV. 

1817. 

1817. 

ToBal.  from  o-o  fol. 

7357 

96 

Feb.    2 

By  Cash 
withdrawn 

4000 

00 

Feb.    6 

Cash  deposited. 

466 

84 

6 

Do. 

375 

00 

10 

Discount, 

844 

90 

8 

Do. 

674 

56 

15 

Cash  deposited. 

640 

46 

10 

Do. 

900 

00 

22 

Note  collected. 

456 

75 

20 

Do. 

640 

00 

24 

Cash  deposited. 

600 

00 

24 

Do. 

866 

75 

26 

Do.        do. 

756 

45 

28 

Do. 

6000 

00 

27 

Discount, 

170 

75 



28 

Cash  deposited, 
Bal.  n-a  fol. 

490 
1671 

13456 

75 
45 

31 

13456 

31 

•  Note. — The  Account  was  over- 
drawn on  the  last  day  of  tlie  month, 
1671.31,  which  sum  ought  to  be  de- 
positetl  in  tlie  Bank  next  day,  as  soon 
as  it  was  opened,  in  order  to  save 
the  drawer^  credit. 


189 


Dr. 


Merchant's  Batik 


Or. 


1817. 
Mar.  1 

4 
6 
12 
14 
10 
20 
'22 
24 
26 
28 
29 
31 


To  Cash  deposited 

Do.         Do. 

Discount, 
Note  collected 
Cash  deposited 
Do.         do. 
Do.         do. 
Discount 
Cash  depositee! 
Do.         do. 
Do.         do. 
Discount 
Note  collected 
Deposited   > 


t 

1817. 

J671 

45 

• 

650 

00 1 

Mar.  6 

4000 

00 1 

9 

600 

00 

1) 

87.^ 

88! 

14 

675 

80! 

16 

450 

00 

20 

1000 

00 

24 

648 

75 

25 

600 

00 

26 

400 

00| 

27 

600 

00; 

28 

872 

75! 

29 

500 

^0 

30 

11871 

18 

)j 

By  Balance 
frura  o-a. 

!671 

By  Casii 
wilbdrawu 

Do. 

600 
55-0 

Do. 

390 

Do. 

400 

Do. 

875 

Do. 

196 

Do. 

400 

Do. 

250 

Do. 

19 

Do. 

33 

Do. 

100 

Do. 

644 

Do. 

350 

Bal.  n-a  fol. 

7061 

11871 

45 


75 

25 
00 
40 
20 
00 
00 
63 
25 
00 
00 
00 
70 

18 


The  above  plan  of  keeping  an  account  with  the  Banks,  is  ac- 
curate and  obvious,  (i.  e.)  charge  the  several  Banks  with  the 
daily  deposits,  discounts  and  notes  collected,  and  credit  them 
for  the  money  withdrawn  ;  then  open  an  account  for  each  Bank 
you  have  dealings  with,  in  the  Ledger,  and  transfer  the  month- 
ly amounts  from  the  Bank  account  Book,  to  their  respective 
accounts  there. 

This  is  preferable  to  the  method  commonly  practised,  of  a.dd- 
ing  and  subtracting  the  sums  deposited  and  withdrawn,  in  the 
margin  of  the  Check  Book,  and  will  afford  this  additional  satis- 
faction to  the  merchant  or  dealer,  of  shewing  him  in  twelve 
lines,  in  the  Ledger,  the  annual  extent  of  his  dealings  with  the 
several  Banks,  and  will  prevent  the  overdrawing  of  his  account, 
the  practice  of  which  is  always  injurious  to  credit. 

Let  the  accounts  in  this  book  be  penciled  daily  in  the  va- 
cant spaces  below,  by  the  person  who  keeps  it,  for  it  ought  al- 
ways to  be  kept  by  the  same,  if  possible,  by  which  means  it  will 
be  impossible  to  overdraw  without  his  knowledge. 


THIRD  SET  OF  BOOKS  : 

BEING 

9i  ^v^ttm  of  Booft'licepinff, 

FOUNDED  ON  REAL  BUSINESS. 

DAY  BOOK  No.   3.  or  C. 

THE  PROPERTY  OF  A.  B. 
JANUARY  1.  1817. 


[IJ 


192 

New- York,  January  1.  1817 


Inventory  of  ray  whole  estate,  consisting  of  mo- 
ney, goods  and  debts,  owing  to  and  by  me, 
A.  B.  transferred  from  the  balance  account 
of  a  foriiier  Ledger. 

I  have  in  Specie  and  Bank  Notes 

Funded  Property,  in  the  6  per  cents,  6000.  at  9» 
3-4 

House  in  Broad-street  worth 

Ship  Mary  do. 

Farm  in  Jersey  do. 

Household  Furniture     do. 

Merchandize,  for  Balance  in  hand 

Debentures  for  Balance  due  at  the  Custom- 
House 

Bills  Receivable,  for  the  following  bills  in  hand 
as  per  former  Bill  Book 


iVb. 

197.  On  Warren  and  Fox, 

207.  On  Samuel  Grecnhill, 

218.  On  Ditto, 

110.  On  Hamilton  .^  Co. 

257.  On  William  Johnson, 

261.  On  Ditto, 

107.  On  Ditto, 

Debts  due  to  A.  B. 
Francis  Beal,  owes 
Chas.  Pitfield,  do. 
William  Blunt,  do. 
James  Parsons,  do. 
Thomas  Harrison,  do. 
Edward  Franklin,  do. 
John  Blackwood,  do. 


Due. 
Jan.  1.5. 
„     25. 

Feb.  1. 
„  \5. 
„  22. 
„     28. 


1000.00 

1600.00 

1256.75 

658.25 

400.00 

1462.50 

867.00 


24758 

5925 
15000 
4000 
6000 
2000 
18000 

1500 


.0 

00 
00 
00 
00 
00 
00 

00 


7244 

1148 
648 
1698 
1567 
540 
1450 
1296 

92775 


50 

75 
00 
00 
00 
00 
00 
00 

7j 


193 

New-York,  January  1,  1817, 


[2] 


I  owe  as  follows  : 
Taylor  and  Co. 
Warren  and  Smith, 
Newman  and  Co. 
Thomas  Allen, 
Home  and  Jones, 
William  Vincent, 
Samuel  Harris, 
Thomas  Winter, 
Thomas  Morris, 

Bills  Payable  for  the  following  Bills  accepted 
by  me,  as  per  former  Bill  Book, 


No.         Drawn  by  due 

126.  Wm.  Raymond,  Jan.  12. 

134.  Samuel  Hay,  „     26. 

204,  Jacob  Romaine,  „     26. 

124.  Benjamin  Helme,  „     30. 

148.  Ralph  Thurman,  „     30. 

210.   Henry  Barlow,  Feb.  4. 

227.  William  bhaw,  „     10. 


1500.00 
r>00.00 
600.00 
787.75 
456.25 
892.00 
967.00 


Gross  Amount  of  ray  Property,  92775.75 

Amount  of  Debts  dueofme,  15525.50 

Net  of  my  Estate,  or  what  1  am  worth, 

Note, — ^The  several  entries  in  the  following  Day 
Book,  are  in  Journal  form  for  it  is  pre- 
sumed, that  to  those  who  have  studied  the 
introductory  part  of  this  work,  with  the 
two  first  sets,  a  blotter  or  waste  book  will 
be  unnecessar}^. 


1650 

1480 

678 

1496 

1056 

856 

450 

65  H 

1498 


00 
00 
00 
00 
50 
00 
00 
00 
00 


5703 


15525 


77250 


00 


50 


50 


Cc 


194 


[I 

]                      New- York,  January/  1 ,  181?. 

1 

Sundries  Dr.  To  Stock: 

For  the  amount  of  my  property,  as  per  Dr.  side 

of  Balance  Ledger,  31st  ultimo  transferred. 

2 

Cash  for  Balance  in  hand, 

24758 

50 

2 

Funded  Property,  6000.  at  98  3-4  in  the  6  per 

cents. 

5^25 

00 

3 

House  in  Broad-street, 

15000 

00 

3 

Ship  Mary, 

4000 

00 

5 

Farm  in  Jersey, 

6000 

00 

4 

Household  Furniture, 

2000 

00 

4 

Merchandize,  for  balance  in  hand. 

18000 

00 

5 

Debentures,  for  Balance  due  at  the  Custom- 

house, 

1500 

00 

6 

Bills  Receivable,  for  amount  of  Bills  due  tome. 

7244 

50 

7 

Francis  Beal, 

1148 

75 

7 

Charles  Pitfield, 

64S 

00 

8 

William  Blount, 

16^-6 

00 

8 

James  Parsons, 

1567 

00 

8 

Thomas  Harrison, 

540 

00 

8 

Edward  Franklin, 

1450 

00 

9 

John  Blackwood, 

Note. — Open  an  account  in  the  Ledger,  for  each 

1296 

00 

92775 

75 

of  the  above  particulars. 

. 

To  Post  the  first  part  of  the  Inventory : 

L  Credit  Stock,  by  Sundries,               92775.75 

2.  Debit  Cash,                 to  Stock,          24758.50 

3  Debit  Funded  Property,  „                  5925.00 

4.  Debit  House  in  Broad-st.  „                 15000.00 

5.  Debit  ship  Mary,              „                   4000.00 

6.  Debit  Merchandize,         „                 18000.00 

7.  Debit  Household  Furniture,  „          2000.00 

8.  Debit  Farm  in  Jersey,    „                   6000.00 

9.  Debit  Debentures,           „                   1500.00 

10.  Debit  Bills  Receivable,  „                  7244.50 

Debit  each  person  who  owes  you,  To  Stock, 

for  the  sum  due  of  him. 

i9r> 


Ken- York,  January  1,  IBlT. 


[2] 


9 
9 
9 
10 
10 
40 
10 
10 
11 
11 


Stock  Dr.  To  Sundries : 
For  amount  of  Debts  due  of  me,  as  per  credit 

side  of  balance  of  Balance  Ledger,  31st 

ultimo  transferred. 
To  Taylor  and  Co. 
To  Warren  and  Smith, 
To  Newman  and  Co. 
To  Thomas  Allen, 
To  Home  and  Jones, 
To  William  Vincent, 
To  Samuel  Harris, 
To  Thomas  Winter, 
To  Thomas  Morris, 
To  Bills  Payable  for  my  acceptances  unpaid, 


Note, — Open  an  account  in  the  Ledger,  for  each 
of  the  above  persons. 

To  post  the  second  part  of  the  Inventory, 

1.  Debit  Stock,  to  Sundries,  1552.'5.50 

2.  Credit  each  person,  as  well  as  Bills  Payable, 
by  Stock  for  the  several  sums  due  to  them. 


00 
00 
00 
00 
50 
00 
00 
00 
00 
00 

50 


[3] 


196 
yeiv-Torki  January  1.  1S17 


12 


10 
11 

6 
7 


4 

1 

13 

13 


Voyage  to  Barbadoes,  Dr. 
To  Sundries,  for  amount  of  Invoice  on  my  own 
account  consigned  to  William  Thomson, 
for  sales  and  returns,  as  per  Invoice  Book 
..     A,  page  1. 

To  Merchandize,  •       3600.00 

To  Cash,  paid  charges,  Insurance,  &c.      330.00 


To  Post  this  transaction  : 

1.  Debit  Voyage  to  Barbadoes,  to  Sun- 

dries, 3950.00 

2.  Credit  Merchandize,  by  Voyage  to 
Barbadoes,  3600.00 

3.  Credit  Cash,  by  ditto,  350.00 


William  Vincent  Dr.  To   Bills  Paj^ahle  : 
Accepted  his  Bill  No.  1,  favor  John  Shaw,  due 
Feb.  5  for 

1.  Del)it  Wm.  Vincent,  to  Bill  Payable,  KOO.OO 

2.  Credit  Bilis  Payable,  by  ^v  m.  Vincent  JJOO.OO 

: —  3 


Bills  Receivable  Dr.  To  Charles  Pitlield  : 
llec'd  from  him,  Jones  on  C  •-'*   i^'^'^i"  March 
6.  No.  I,  for 

1.  Debit  Bills  lleceivable,  to  Liuirics  z'lt- 

field,  400.00 

2.  Credit  Charles  Pitfield,by  Bills  Receiv- 

able, 400.00 


Edward  Fraifklin  Dr.  To  Sundries: 
For  Amt.  of  Invoice  of  Sugar,  per  vhe  T^^ancy, 

for  Naples,  as  per  Invoice   Book  A,  page 

2. 
To  Meri:hai)dizc,  359.29 

To  Cash,  paid  charges  on  JMcrchandize,    29.75 
To  Commission,  19.45 

To  Globe  Insurance  Co.    for  Insuring 

the  same,  15.12 


1.  Debit  E.  Franklin,  to  Sundries,  423.61 

2.  Cedit  iMerchandize,  by  E.  Franklin,  359.29 

3.  Credit  Cash,  by  E.  Franklin,  29.75 

4.  Credit  Commission,  by  do.  19.45 

5.  Credit  Globe  Insurance,  by  do.  15.12 


3950 


00 


800 


00 


400 


00 


423 


61 


197 


New-York^  January  5,  181 T. 

[ 

iJ 

11 

Rills  Payable  Dr.  to  Cash. 

1 

Paid  Heiiry  Barlow's  Bill  No.  210,  for 

892 

00 

1.  Debit  Bills  Payable,  To  Cash,             89i>.00 

2.  Credit  Cash,  By  Bills  Payable,             892.00 

1 

Cash  Dr.  to  Interest. 

— 

Received  Discount  for  the  above  Bill  for  iiO 

14 

days  at  6  per  cent, 

1,  Debit  Cash,  To  Interest,                          4.46 

2.  Credit  Interest,  By  Cash,                          4.46 

o 

4 

46 

12 

Voyage  to  Barhadoes  Dr.  to  Cash. 

— 

Paid  the  following  Bills  and  Sums  of  money  on 

1 

the  outfit  of  the  ship  Mary  : 
To  William  Barber,  Carpenter,                  20.50^ 
„  Amos  Beklen,  Sail-maker,                    110.00 
„  Andrew  Martin,  Anchor  smith,            31.56 
„  John  Lawrence,  tpr  Beef  and  Pork,    42.25 
,*,  Ji>hn  Brown,  for  Flour  and  Biscuit,    63.00 
„  Williiuii  N orris,  for  Cooperage,           21.25 
„  John  Saunders,  for  Wine  and  Spirits,  44.00 

332 

^^ 

/ 

• 
1.  Debit  Voyage  to  Barbadoes,  To 

Cash,                                                    332.56 

2.  Credit  Cash,  By  Voyage  to  Bar- 

badoes,                                              332.56 

8 

William  Blount  Dr.  to  Sundries. 

For  Amount  of  Invoice  per  the  Swan  for  Bil- 

boa,  as  per  Invoice  Book  A,  page  3. 

4 

To  Merchandize,                                     2302.95 

I 

„  Cash  paid  Charges,                                25.75 

13 

„  Commission,                                          116.43 

13 

„  Globe  Insurance,                                 153.63 

2598 

76 

1.  Debit  Wm.  Blount,  To  Sundries,       2598.76 

2.  Credit  Merchandize,  By  Wm. 

Blount,                                              2302.95 

3.  Credit  Cash,  By          Ditto.                    25.75 

4.  Credit  Commission,  By         Ditto.        116.43 

6.  Credit  Globe  Insurance,  By    Ditto.     153.63 

198 


L5] 


New- York,  January  12,  I8l7. 


11 


14 


4 

1 

13 


Bills  Payable  Dr.  to  Cash. 
Paid  William  Raymond's  Bill  No.  126, 

1.  Debit  Rills  Payable  to  Cash,  1500. 

2.  Credit  Cash,  By  B'lls  Payable,  1500. 

1 5 — : 


Cash  Dr.  to  Bills  Receivable. 
Received  of  Warren  and  Fox  the  Amount  or 
their  Bill,  No.  197, 

1.  Debit  Cash,  To  Bills  Receivable,     1000. 

2.  Credit  Bills  Receivable,  By  Cash,      1000. 
16 


John  Collins  Dr.  to  Sundries. 
For  amount  Invoice  ot  Iron  per  the  Betsey  for 

Leg^horn  as  per  Invoice  Book  A,  page  4. 
To  Merchandize,  1 348.50 

To  Cash  paid  Charges  and  Insurance,       1 1 7.90 


To  Commission, 


68.30 


14 
11 


4 
14 


1.  Debit  John  Collins,  To  Sundries,      1534.70 

2.  Credit  Merchandize,  By  Jn.  Collins,  1348.50 

3.  Credit  Cash,  By  Ditto.  •    117.90 

4.  Credit  Commissfon,»By         Ditto.         68.30 


Gibson  and  Carr  Dr.  to  Bills  Payable. 
Accepted  their  Hill  No.  2,  favor  John  Yeomans, 
payable  Feb.  17.  for 

1.  Debit  Gibsim  and  Carr,  To  Bills 

Payable,  600. 

2.  Credit  Bills  Payable,  By  Gibson 

and  C;irr,                                             600. 
1 8 


Merchandize  Dr.  to  Samuel  Lightfoot. 
For  amount  of  Goods  bought  of  him  as  per 
Bills  of  Parcels, 


1500 


00 


1000 


00 


1534 


70 


600  00 


6000 


00 


199 
Nem-Yorkj  January  1^. 


[6] 


6 
15 


14 
11 


Bills  Receivable  Dr.  to  Wm.  Chulmley : 
Received  of  him  two  Bills, 
No.  2,  due  Feb.  9,  for  460.00 

3,     „       „    12,     „  650.00 


1.  Debit  Bills  Receivable,  To  William 

Chulmley,  1110.00 

2.  Credit  Wm.  Chulmley,  By  Bills  Re- 

ceivable,  1110.00 

21 


Samuel  Liglit.foot  Dr.  to  Bills  payable  : 
Accepted  2  bills  drawn  by  him, 
No.3,  payable  to  J.Andrews,  Feb.22,  for  800. 
No.  4,  payable  to  Ellis  &  Co.  March  27, 

for  900. 


1.  Debit  S.  Lightfoot,  To  Bills 

Payable,  1700. 

2.  Credit  Bills  Payable,  By  S. 
Lightfoot,  1700, 

25 


Bills  Receivable  Dr.  to  Wm.  Blount : 
Received  of  him  three  Bills,  viz. 
No.  4,  payable  to  E.  Ingram,  due  March 

28,  for  650.25 

No.  5,  payable  to  Wm.  Scott  &  Co.  due 

March  28,  for  750.75 

No.  6,  payable  to  Wm.  Raymond,   due 

March  28,  for  814.50 


Cash  Dr.  to  Bills  receivable : 

Received  of  Samuel  Greenhill,  for  two  bills, 


No.  207, 
218, 


1600.00 
1256.75 


1.  Debit  Cash,  To  Bills  Rec.      2856.75 

2.  Credit  Bills  Rec.  By  Cash,     2856.75 

26 


Bills  Payable  Dr.  to  Cash: 
Paid  S.  Hay's  Bill,      No.  134, 
J.  Romaine's  Bill,      204, 


600.00 
500.00 


I.  Debit  Bills  Payable,  To  Cash,    1100.00 
2  Credit  Cash,  By  Bills  Payable,  1100.00 


1110 


00 


170< 


00 


2215 


2856 


50 


75 


1100 


00 


200 


CM 


New-Yorlc^  January^  27,  1817. 


1 

•5 

1 
3 


Cash  Dr.  to  Farm  in  Jersey  : 
Received  from  mv  Steward,  for  produce  thereof 
1 28 


Cash  Dr.  to  Ship  Mary  : 
Received  for  Freight, 
29  - 


Taylor  &  Co.  Dr.  to  Bills  Payable  : 
Accepted  three  bills  drawn  by  them  on  me, 
No.  5,  due  Feb.  21,  for  800.00 

6,         xMarch  3,  ,  .567.75 


jMarch  3, 


456.00 


1.  Debit  Taylor  &  Co.  To  Bills 

Payable,  1823.75 

^.  Credit  Bills  Payable,  By  Tay- 
lor &  Co.  1823.75 


Sundries  Dr.  To  Sales  per  the  Diana : 
For  Amount  of  500  piecesof  Linen,  on  Account 

of  William  Martin  of  Dublin,  as  per  Sales 

Book  A,  fol.  1, 
Cash,  for  150  pieces  sold  at  vendue,       2062.50 
James  Yielding,  for  150  pieces  at  two 

months,  2100.00 

John  Vallens,  for  200  pieces  at  three 

months,  2950.00 


Credit  Gen.  Acct.   Sales,  by  Sun- 
dries, 7112.50 

2.  Debit  Cash,  to  sales  per  the  Diana,  2062.50 

3.  Debit  J.  Yieldinc:,  to  ditto,  2100.00 

4.  Debit  J.  Vallens,  to  ditto,  2950.00 
Note. — As  150  pieces  of  the  Linen,  were  sold 

at  auction  on  the  56th  inst.  as  appears  by 
the  Sales  Book,  it  is  presumed  the  money 
was  not  entered  in  the  Cash  Book,  until 
the  sales  are  transferred  in  the  Day  Book 
as  above.  The  best  method  is  to  enter  it 
in  a  memorandom  Kov)k,  before  it  is  insert- 
ed here,  but  if  it  be  posted  from  the  ac- 
count of  Sales  into  the  Cash  Account,  it 
must  not  be  posted  from  this  place,  for  then 
it  would  be  posted  twice,  which  must  not 
be  done. 


300 
256 


00 


1623 


75 


7112 


50 


•201 


New- York  J  January  29,  1817. 


[B] 


15 

1 
14 

13 
16 


3 
U 


16 


Sales  per  the  Diana,  Dr.  To  Sundries  : 

To  Cash,  paid  charges,  560.75 

To  Interest  for  money  advanced,  2.18 

To  Commission,  355.6*2 

To  William  Martin,  for  net  proceeds  of  500  pes. 
of  Linen,  as  per  Sales  Book  A,  fol.  1,  6193.95 


1.  Debit  Gen.  Acct.  Sales,  to  Sun- 

dries, 711-2.50 

2.  Credit  Cash,  by  sales  per  the   Di- 

ana, 560.75 

3.  Credit  Interest,  by  ditto,  2.18 

4.  Credit  Commission,  by  ditto,  355«6"2 

5.  Credit  Wm.  Martin,  by  ditto  for         61 93-95 
30 


Sundries  Dr.  To  Cash 


1504.00 


Ship  Mary,  paid  for  Repairs,  260.00 

Bills  Payable,  paid  Benjamin  Helme's 

Bill,  No.  124,  787.75 

Ralph  Thurman's  No.  148,  456.25 


K  Credit  Cash,  by  Sundries  Paid,  1504. 
2.  Debit  ship  Mary,  to  Cash,  260. 
8.  Debit  Bills  Payable,  to  ditto,  1244. 
3 1 


Debenture  Dr.  to  Merchandize  : 
For  Drawbacks  Received  this  month, 
1.  Debit  Debentures  to  Cash,  450.25 

2-  Credit  Merchandize,  by  Debentures,  450.25 


Cash  Dr.  To  Debentures  : 
Received  for  Drawbacks  this  month, 

1.  Debit  Cash,  to  Dtibenturps,  204. 

2.  Credit  Debentures,  by  Cash,  204. 


House  Expenses  Dr.  I'o  Cash  : 
Paid  Sundry  Charges  ,this  month,  as  per  Book 
of  House  Expenses, 


D  d 


*i02 
Explanation  of  the  Proof  Journal. 

How  to  Journalize  the  preceding  moiUli,  by  the  concise 
and  unerring;  method  of  a  Proof  Journal,  whereby  the  books 
are  proved  from  tiie  Day  Kook,  before  they  are  posted  ;  and 
the  posting,  if  posted  from  the  Proof  Journal,  rendered  so  con- 
cise and  expeditious,  that  the  twelfth  part  of  the  space  is  not 
occupied  in  the  Ledger,  as  by  the  common  niethod,  and  so 
plain  that  it  is  obvious  to  any  capacity. 

By  this  method  the  accountant,  when  posting,  carries  the  test 
of  his  accuracy  along  with  him  ;  for,  when  his  month's  posting 
is  finished,  if  he  pencils  the  additions  of  the  Dr.  and  Cr.  sides 
of  each  account  in  the  Ledger,  in  the  vacant  spaces  below  on 
both  sides  of  the  money  columns,  and  comparing  those  with 
the  debits  and  credits  of  the  same  account  in  the  Proof  Jour- 
nal for  that  month,  if  they  agree  he  is  imfallibly  right,  if  not, 
the  error  or  ommission,  must  be  in  either  of  the  dates  annex- 
ed to  the  account  in  the  Proof  Journal ;  but  by  referring  to 
the  several  dates  in  the  Day  Book,  as  directed  by  the  Journal, 
the  error  is  immediately  detected,  and  the  particular  account 
known  to  which  it  belongs. 

To  collect  the  several  Debtors, 

Begin  with  the  first  debter  in  tlie  month,  which  in  this  is 
that  of  Cash,  collect  the  several  charges  incurred  b)^  the  trans- 
action, for  that  month,  on  a  slate  or  seperate  paper,  annexing 
the  dates  on  which  each  happened,  enter  these  debtors  in  their 
order  in  the  Proof  Journal,  with  their  respective  amounts  in 
the  money  columns.  The  several  creditors  are  collected,  after 
the  debtors  are  inserti  d  in  the  Journal,  in  the  same  manner. 

This  process  can  be  iK^rformed  daily,  weekly  or  monthly,  a? 
best  suits  the  purp.)se  ;  whiTCiis,  by  the  common  mode  of  Trial 
Ba  a-c  .  il  the  Dr  and  Cr.  fides  of  all  the  accounts  in  the 
Ledger,  when  added,  be  similar  in  their  amounts,  we  conclude 
Iht  vvork  right,  ''therwise  wrong  ;  and  the  difficulty  of  finding 
the  error  is  best  known  to  those  who  have  been  engaged  in  the 
arduous  task  ;  for,  after  several  Iruitless  trials,  i;  has  often  been 
relinquished  as  iinpracticable  to  be  found  ;  or  to  what  account 
it  belongs ;  by  nieans  of  the  Proof  Journal  it  can  be  immedi- 
ately developed,  and  the  particular  account  to  which  it  he- 
longs,  be  knomi  with  the  greatest  facility. 


203 

Horn  to  expedite  the  work  of  collecting  the  Debtors  cmdCr edi- 
tors. 

When  the  Accountant  begins  to  enter  the  monthly  trans- 
actions in  the  Day  Book,  let  him  open  the  Proof  Journal,  with 
the  names  of  the  several  Debtors  and  Creditors,  annexing  the 
dates  on  which  each  debit  and  credit  happens,  taking  care  not 
to  open  an  account  but  once  for  any  of  them,  that  month,  in 
the  Journal.  When  the  month  is  ended,  the  Proof  Journal 
can  be  filled  up  with  the  greatest  ease  and  expedition,  as  the 
annexed  dates  are  a  sufficient  relVrence  to  the  Day  Book, 
where  the  particular  articles  are  entered. 

I  will  venture  to  assert,  that  a  better  method  of  proving, 
and  detecting  errors,  in  Books  kept  by  double  entry,  has  not 
been  pubUshed  since  the  invention  of  Book-keeping ;  nor  in 
my  opinion  could  a  better  be  devised.  The  use  of  this  does 
not  hinder  the  Accountant  to  keep  the  Books  on  the  most  sim 
pie  plan  ;  and  it  can  be  adopted  daily,  weekly,  or  monthly, 
with  the  greatest  facility — and,  above  all,  certainty  of  cor- 
rectness. 

Also,  at  the  annual  closing  of  the  Books,  by  adding  the 
twelve  debit  and  twelve  credit  totals,  transferred  from  the  re- 
spective sides  of  the  twelve  months  in  the  Proof  Journal,  on  a 
Slate  or  scrap  of  paper,  it  will  be  known  in  a  few  minutes  that 
the  Books  will  infallibly  prove;  and  if  the  balances  of  the 
several  accounts  be  placed  on  the  proper  sides  of  the  Balance 
and  Profit  and  Loss  sheets,  there  Aviil  be  no  difficulty  in  clos- 
ing Books  of  any  magnitude,  for  which  the  plainest  directions 
are  given  in  the  instructions  prefixed  to  this  system. 

Note  I.  The  Books  can  be  posted  daily,  if  found  con- 
venient, the  dates  inserted  in  the  Proof  Journal  as  they  occur, 
and  their  amounts  placed  monthly  in  the  money  columns. 
When  the  month's  posting  is  finished,  by  comparing  the  posts 
of  the  debit  and  credit  sides  of  the  several  accounts  in  the 
Ledger,  for  that  month,  penciled  in  the  vacant  spaces  below, 
with  the  same  in  the  Journal — if  they  agree,  it  will  be  conclu- 
sive that  the  work  is  right — if  not,  the  error  is  easily  detected 
by  referring  to  the  Day  Book,  as  directed  by  the  dates  in  the 
Journal. 

2.  If  the  Books  be  posted  from  the  Proof  Journal,  the 
transfers  can  be  made  with  the  greatest  facility  and  expedition. 
The  year  and  month  only,  without  the  days  of  the  month,  are 
to  be  written  in  the  margin  of  the  Ledger. 

5.     It  will  not  be  amiss  for  the  learner  to  prove  the  Books, 

ijkewise,  by  the  Trial  Balance,  as  it  will  make  him  more  per- 
ect  in  a  knowledge  of  addition,  which  is  always  essentially 
necessary  for  an  Accountant.  ^ 


104 


Proof  Journal  for 

Jcmnary,  1817. 

Drs. 

Sundries  Dr.  to  Sundries  : 

Dates. 

Cash,  To  Sundries,         6, 

15, -2.5,  27,  28, 29,  31. 

31442 

46 

Funded  J'roperty             T 

o  Stock,                   1 . 

592.0 

00 

House  in  Broad-st, 

?>                        '• 

15000 

00 

Ship  Mary, 

Sundries,           1, 3. 

4260 

00 

Household  Furniture, 

Stock,                   1. 

2000 

00 

Merchandize, 

Sundries,  I,  18,2?. 

24000 

m 

Farm  in  Jersey, 

Stock,                    1. 

6000 

00 

Debentures, 

Sundries,         I,  31. 

1950 

25 

Bills  Receivable, 

„        1,3,19,25. 

10970 

00 

Francis  Bnal, 

Stock,                    1. 

IMS 

75 

Charles  Pit  field, 

i>                         '  • 

648 

00 

William  I^lount, 

Sundries,         1,  12. 

4296 

76 

James  Parson?, 

Stock,                    1 . 

1567 

OO 

Thomas  Harrison, 

}j                        •*  • 

.040 

00 

Edward  Franklin, 

Sundries,          1,  3. 

1873 

61 

John  Blackwood, 

Stock,                   1. 

1206 

00 

Slock, 

Sundries,               1. 

15.025 

50 

Voyage  to  Bar])adoes. 

1.  8. 

4282 

56 

William  A~incent, 

Bills  payable,       2. 

800 

00 

Bills  Payable, 

Cash,    />,  12,26,30. 

4736 

00 

John  Collins, 

IMerchandize,      16. 

1534 

70 

Gibson  &  Carr, 

Bills  Payable,      16. 

600 

00 

Samuel  Light  foot, 

.,        '              21. 

1700 

00 

Taylor  c^  Co. 

29. 

1823 

7[> 

James  Yielding, 

Sales  per  Diana,  „ 

2100 

00 

John  Vallens, 

»♦                 n            :j 

2950 

00 

General  Acct.  Sales, 

Sundries,              „ 

7112 

50 

House  E^priiFes 

Cash,                    31. 

256 

75 

■ 

156339 

59 

\ 

\ 

! 

'20:j 


Proof  Journal  for  January^  1817.        Crs, 


SundriesDr.  ToSundries 


By  Sundries, 
,,    Stock, 


Stock, 

Taylor  and  Co. 

Warren  a»id  Smith, 

N^<^'wnian  and  Co., 

Thomas  Allen, 

Home  and  Jones, 

VV'illiam  Vincent, 

Samuel  Harris, 

Thomas  Winter, 

Tnomas  Morris, 

Bills  {Payable, 

Merchandize, 

Crish,  1.3. 

Charles  Pitfield, 

Commission, 

Globe  Insurance, 

Inserestj 

Kills  llvceivable, 

Sa.nuel  liij2;htfoot, 

William  Chu'.mley, 

Wiilia  11  Blount, 

Ftirni  in  Jersey, 

Ship  Mary, 

General  Acct.Saks,  „    Sundries, 


Dates. 

1 


2.  \e.  21.  29 
„  Sundries,  1.3.  12.  16.81 
5.  1^.  12.  j6.  26.29.  30.  31 
}]y  Bills  Payable,  3 

„  Sundries,'    3.  12.  16.  29 
»       »  3.  12 

))       „  •>.  29 

„       M  15.25 

18 


„  IMerchandize, 
„  Bills  Receivable, 


„  Cash, 


William  Martin, 
Debentures, 


19 
19 

21 
28 
29 

Net  proceeds  Linen,  „ 
Cash,  31 


92rr5 
1650 
1480 

1496 

10  6 

856 

450 

1498 

10626 

8060 

6669 

400 

559 

168 

6 

3856 

6000 

lilO 

2215 

300 

256 

ni2 

6193 


156339 


75 
00 
00 
00 
00 
50 
00 
00 
00 
00 
75 
99 
46 
00 
80 
7D 
64 

r5 

00 
00 
50 
00 
25 
50 
95 
00 

59 


[IS] 


106 


New- York,  February  1.  1817. 


16 


17 


17 

15 
16 
17 
17 


16 
13 

6 
8 


William  Martin  Dr.  To  Insurance : 

For  the  Cost  of  Insurance,  by  his  order  and  for 

hi>  account, 
Goods  per  th(^  Diana,  Thompson,  from  Londou 

to  New-York, 
Capital  Insurrd,  1-JOOO.  at  7.  per  cent. 

1,  Debit  William  Martin,  to  Insurance,  840. 

2.  Credit  Insurance,  by  William  Martii.,  840. 
Next  Dc  bit  Insuranc< ,  and  Credit  thtf  under 

writers,  by  makins;  the  f- allowing  entry. 


Insurance  Dr.  To  Sundries  : 


T>  James  Yielding, 
To  John  Vallens, 
T    G     r^e  Quinton, 
To  William  Ford, 


1.  Debit  Insurance,  to  Sundries,  840. 

2.  Credit  each  of  the  four  under\friters  for  210. 

being  the  premium  of  the  sum  insured  by 
him. 


3000. 

210.00 

3000. 

210.00 

3000. 

210.00 

3C00. 

210.00 

William  Martin  Dr.  To  Coumiission  : 

For  my  Commission  on  the  premium,  840.  at  5. 
per  cent. 


Bills  Receivable  Dr.  To  Edward  Franklin  : 


Received  of  him  2  Bills. 

No.  7,  due  March  4,  for 


8, 


\0. 


750.00 
167.00 


Cash  Dr.  To  Bills  Receivable; 
Received  for  Hamilton  &  Go's  Bill  No.  110. 


207 


New-York^  February  3,  181T. 


14] 


n 


4 

2 

23 

J  3 


18 


17 
2 


11 
2 

19 


John  Nash  Dr.  to  Sundries : 
For  amt.  of  Goods  per  (he  Huron,  for  Leghorn, 
as  per  Invoice  Book  A,  page  5 


To  Merchandize, 

To  Cash  paid  Charges, 

To  Commission, 

To  Globe  Insurance,  for  Insuring, 


4302.75 

19.00 

216.8 

272.27 


1.  Debit  J.  Nash,  to  Sundries,  4810.10 

2.  Credit  Merchandize,  by  J.  Nash,  4302.75 

3.  Credit  Cash,  by  ditto,  19.00 

4.  Credit  Commission,  by  do.  216.08 

5.  Credit  Globe  Insurance,  by  do.        272.27 
4 


Brandy  Dr.  To  Sundries  : 

For  the  Cost  of  100  hhds.  received  per  the  Har- 
riet, Jones,  from  Bordeaux,  for  my  own 
acct. 

To  John  Nash,  received  from  his  Factor  per 
his  order,  for  amount  of  Invoice,    7»00.00 

To  Cash  paid  Charges  at  landing,  350.00 


1.  Debit  Brandy,  to  Sundries  7850. 

2.  Credit  J.  Nash,  by  Brandy  7500. 

3.  Credit  Cash,  by  ditto  paid  Charges,     350. 


Bills  Payable  Dr.  To  Cash: 

Paid  William  Vincent,  Bill  No.  1, 
1    Debit  Bills  i'avable,  to  Cash, 
2.  Credit  Cash,  by  Bills  Payable, 


800. 

J500. 


Lottery  Tickets  Dr.  To  Cash : 

Bought  No.  20325  in  Baltimore  College  Lot 
tery,  for 


4810 


10 


7850 


00 


800 


00 


11 


00 


•208 


[15J 


New- York,  February  Q.  1817. 


19 


20 


13 


17 


11 


Adventure  from  Jamaica  in  Co.  with  George 
Quinton,  John  Vallens,  and  self,  each  one- 
third  concerned,  Dr.  to  Sundries  : 

To  Wm.  Roberts,   for  amt.  Invoice 

Sugar,  10000.00 

To  Globe  Insurance  for  Insuring  the 

same,  500.00 


Received  advice  from  Wm.  Roberts,  of  Kings- 
ton, in  Jamaica,  that  he  has,  according  to 
my  order,  shipped  on  ])oard  the  Nancy, 
Pendleton,  100  hhds.  Sugar,  at  100.  per 
hhd.  which  sugar  is  in  Co.  with  George 
Quinton,  John  Vallens  and  self,  each  1-3, 
and  who  are  to  allow  me  b.  per  cent,  on 
the  sales  as  manager, 

1.  Debit  Adventure  from  Jamaica,  to  Sun- 

dries, 10500. 

2.  Credit  Wm.  Reberts,  by  Adventure 
from  Jamaica,  10000. 

3.  Credit  Globe  Insurance,  by  ditto,        500. 
7 


20 


4 
o 

13 
13 


John  Nash  Dr.  To  Hills  Payable  : 
Accepted  4  Bills  drawn  by  him, 
No.  8  Payable  to  John  Shaw,  due  March 

10,  for  800.00 

9  Payable     to    Thomas     Fruen, 
April   10,  for  700.00 

10  do.  to  Wm.  Wallace,  do.  10,  for  900.00 

1 1  do.  to  Joseph  Howe,  do.  May 

10  for  684.75 


1.  Debit  J.  Nash,  to  Bills  Payable,     3084.75 
2  Credit  Bills  Payable,  by  J.  N.ish,    30  84.75 

_ 8 


Charles  Chambers  Dr.  To  Sunt.ries: 
For  Amount  of  Invoice  of  Tobacco,    per   the 
Betsey,  Winlow,  for  Stockholm,  as  per  In- 
voice Book,  page  6, 
To  IMerchandize,  1 0 1 9.70 

To  Cash  paid  Charges,  31.48 

To  Conmiission,  52.56 

To  Globe  Insururance  for  Insuring  the 

same,  66.6 


209 
Nejv-York,  February  8.  ISlT. 


C16] 


1.  Debit  C.  Chambers,  To  Sundries, 

1169.80 

2.  Credit  Merchandize,  By  C.Cham- 

bers, 

ioi9.ro 

3.  Credit  Cash,               By         do. 

31.40 

4.  Credit  Commission,  By        do. 

52.56 

5.  Credit  G.  Insurance,  By        do. 

Q 

66.  6 

2 

Cash  Dr.  to  Bills  Receivable  : 

6 

Received  for  Wm.  Chulmley's  Bill,  No.  2, 

10 

11 

Bills  Payable  Dr.  to  Cash  : 

2 

Paid  William  Shaw's  Bill,  No.  227, 
1 1 

17 

George  Quinton  Dr.  to  Sales  Sugar, 
Neptune : 

per  the 

15 

For  amt.  20  hhds  Sugar  sold  him,  at  3  months,  | 

as  per  Sales  Book,  fol.  2, 

1.  Debit  G.  Quinton,  To  Sales  per 

the  Neptune, 

303r.23 

2.  Credit  general  acct.  Sales,  By  G. 

Quinton, 

3037.23 

15 

Sales  of  Sugar,  per  the  Neptune,  Dr. 
dries  : 

to  Sun- 

2 

To  Cash,  paid  charges, 

842.17 

14 

To  Interest  for  money  advanced. 

4.91 

13 

To  Commission, 

151.86 

20 

To  Wm.  Roberts,  for  net  proceeds  of 
20  hhds.   Sugar,    as  per  Sales 

Book,  fol.  2, 
1.  Debit  gen.  acct.  ^ales,  To  Sundries, 

2038.29 

3037.23 

2.  Credit  Cash,  By  Sales  per  Neptune, 

842.17 

3.  Credit  Interest,  By         do. 

4.91 

4.  Credit  Commission,  By  do. 

151.86 

5.  Credit  Wm.  Roberts,  By  do. 

2038.29 

2 

Cash  Dr.  to  Bills  Receivable: 

6 

Received  for  Wm.  Chulmley's  Bill,  N 

o.  3, 

460 


967 


3037 


00 


00 


23 


3037 


23 


650 


00 


Ee 


[in 


210 


New-York y  February  12.  1817 


Home  &  Jones  Dr.  to  Brandy : 

For  ami.  of  60  hhds.  at  liO.  per  hhd.  sold  them, 
at  \i  months, 

1.  D(  bit  Home  8c  Jones,  To  Brandy,    7200.00 

2.  C'r'dit  Brandy,  By  Home  &  Jones, 
at  120.  per  hhd   for  tJO  hhds.  7200.00 

14 


William  Martin  Dr.  to  Bills  payable  : 

Accepted  two  Bills  drawn  by  him  on  me, 
No.  12,  payable  to  J.  Walker,  due 

March  17,  for  1200.00 

No.  13,  payable  to   Wm.   Bell,  due 

April  17,  for  1350.00 


1.  Debit  Wm.  Martin,  To  Bills 

Payable,  2550. 

2.  Credit  Bills  Payable,  By  Wm. 

Martin,  2550. 


Adventure  to  Glasgow  Dr.  to  Sundries  : 


To  Daniel  Allee,  advanced  by  him, 
To  John  Thorn,  advanced  by  him, 
To  Cash,  advanced  by  me. 


500. 
600. 
700. 


The  above  partners  having  advanced  the  re 
spective  sums  annexed  to  their  names  to  Capt. 
James  Carter,  of  the  brig  Nancy,  bound  to 
Glasgow,  to  purchase  Linen  on  our  joint  ac 
counts,  which  Linen,  on  the  return  of  the 
said  brig,  is  to  be  sold  by  me,  and  the  profits 
arising  from  the  sales  thereof,  after  deducting 
all  charges  and  the  Captain's  Commission,  to 
be  divided  between  me  and  said  partners,  in 
proportion  to  each  man's  stock  in  Co. 

1.  Debit  Adv.  to  Glasgow,  To  Sundries,  1800. 

2.  Credit  D.  Alice,  By  Adv.  to  Glasgow,      500. 

3.  Credit  J.  Thorn,  By  do.  600. 

4.  Credit  Cash,  By  do  700. 


7200  00 


2550 


00 


1800 


00 


211 


Neiv^  York,  Feb ruary  15,  1 8 1  f , 


tl8] 


U 


4 

2 

13 

13 


11 
2 
2 
6 

14 
11 


William  CLulmley  Dr.  to  Sundries  : 

For  Amount  of  Invoice  of  Sugar,  per  the  Nep- 
tune, for  Hamburgh,  as  per  Invoice  Book, 
page  r. 
To  Merchandize  1133.00 

To  Cash,  paid  charges  11.76 

To  Commission  55.23 

To  Globe  Insurance,  for  insuring  105.99 


1.  Debit  Wm.  Chulmley,  To  Sundries    1305.97 

2.  Credit  Merchandize,  By  Wm.  Chulm- 

ley 1133.00 

3.  Credit  Cash,  By  ditto  11.75 

4.  Credit  Commission,  By  ditto  55.23 

5.  Credit  Globe  Insurance,  By  ditto         105.89 
17 


Bills  Payable  Dr.  to  Cash: 
Paid  Gibson  and  Carr's  Bill,  No.  2. 


Cash  Dr.  to  Bills  Receivable  : 

Received  for  Wm.  Johnson's  Bill,  No.  257. 

Gibson  and  Carr  Dr.  to  Bills  Payable  : 

Accepted  their  Bill  on  me.  No.  14,  payable  to 
Edward  Wood,  due  March  21,  for 

1.  Debit  Gibson  and  Carr,  To  Bills  Pay- 

able 800.00 

2.  Credit  Bills  Payable,  By  Gibson  and 
Carr  800.00 

18 


Cash  Dr.  to  Interest,  270. 

Received  half  year's  Dividend,  at  the  United 
States's  Bank,  on  6000.  at  9.  per  cent,  per 
annum 


1.  Debit  Cash  To  Interest 

2.  Credit  Interest  By  Cash 


270.00 
270.00 


1305 


97 


600 


400 


800 


00 


00 


00 


270 


00 


ItDJ 


212 


New-  Ycrk,  February  18.  1817. 


Bills  Receivable  Dr.  To  Sundries : 
For  the  following  Bills  received  of  the  follow- 
ing persons,  viz. 


To  James  Yielding, 
To  John  Yallens 
To  George  Quinton 
To  William  Ford 
To  Thomas  Winter 


No.  9. 
10. 
11. 
12. 
13. 


422.11 

1625.08 

i5:i4.ro 

800.00 
900.00 


19 


Adventure  from  Jamaica  in  Co.  Dr.  To  Cash 
Paid  Duty,  Freight,  kc.  on  Sugar  in  Co. 
Arrived  the  Nancy,  Pendleton,  from  Jamaica, 
with  100  hhds.  Sugar  from  Wm,  Roberts, 
which  I  ordered  in  Co.  with  George  Quin 
ton  and  John  Vallens. 
1.  Debit  Adventure  from  Jamaica,  in 


Co.  To  Cash 
Credit  Cash,   by 
Jamaica 


1000.00 


Adventure   from 


1000.00 


Globe  Insurance  Dr.  to  Cash : 
Paid  them  for  Insuiiig  our  Adventure  from  Ja- 
maica                                               ..^ 
20 — - 


Thomas  Winter  Dr.  to  Sundries  : 
To  Merchandize,  for  the  prime  cost  of 
goods  sold  him,  as  per  Hill  of  Par- 
cels 

To  Profit  and  Loss  for  the  gain  on  said 
goods 


6000.00 


500.00 


1.  Debit  T.  Winter,  To  Sundries  6500.00 

2.  Credit  IMerchandize,  By  T.  Winter  6000.00 

3.  Credit  Profit  and  Loss,  By  ditto      ^    500.00 
Note. — These  Goods  are  not  entered  in  the  Sales 

Book,  therefore  the  gain  is  ascerlained  at  the 
time  the  sales  were  made  ;  for  nothing  is  en- 
tered on  the  credit  side  of  Merchandize  but 
the  prime  cost  of  the  goods.  If  the  goods 
sold,  were  entered  there,  with  the  gain  added 
or  loss  substracted  on  the  sales,  the  Balance  of 
goods  on  hand  could  not  be  known  without 
taking  Stock. 


5281 
1000 


89 
00 


500 


00 


6500 


00 


213 

A>W'  York,  February  21,  1 8 1  f 


[20] 


11 
2 
2 

15 


15 
o 

14 

13 
20 


Bills  Payable  Dr  To  Cash  : 
Paid  Taylor  &  Go's.  Bill  No.  5, 


Cash  Dr.  To  Sales  of  Cotton,  per  the  Mercury : 
For  acnuunt  of  24  Bales   sold  at    vendue,  for 

Cash,  as  per  Sales  Book,  folio  3, 
1 .  Debit  Cash,  -I'o  sales,  per  the  Mer- 


cury, 


2288.55 


2.  Credit  Gen.  Acct.  Sales,  by  Cash,      2288.55 


Sales,  per  the  Mercury,  Dr.  To  Sundries: 
To  Cash,  paid  Charges,  441.19 

To  Interest  for  Money  Advanced,  000.85 

To  Commission,  114.42 

To  William  Roberts,  for  net  proceeds 
of  24  bales  Cotton,  as  p^r  Sales 
Book,  fol.  3,  ir32.09 


1.  Debit  Gen.  Acct.  Sales  to  Sundries, 

per  the  Mercury,  2288.55 

2.  Credit  Cash,  by  sales,  per  the  Mercury  441.19 

3.  Credit  Interest,  by  do.  do.         000.85 

4.  Credit  Commission,  by  do.       do.         114.42 

5.  Credit  William  Roberts,  by  sales,  per 

the  Mercury,                                       1732.9 
22 


Cash  Dr.  To  Bills  Receivable  : 
Received  for  Wm.  Johnson's  Bill  No.  261, 


Bills  Payable  Dr.  Ti.  Cash: 
Paid  Samuel  Li^htfoot's  Bill,  No.  3, 
24 


James  Yielding  Dr.  To  Advtnture  from  Ja- 
maica : 
For  Amount  of  100  hhds.  Sugar  in  Company 
sold  him,  weight  net,  as  per  account  ren- 
dered, 1126  cwt.  3  qrs.  14  lb.  at  13.  per 
cwt. 

1.  Debit  James  Yielding,  toadven.from 

Jamaica,  14649.37 

2.  Credit  Adven.  from  Jamaica,  by    J. 

Yielding,  14649.37 

The  Sugar  in   Company  being  all  sold,  close 

the  Adventure  after  the  following  manner. 


800  00 


2288 


b5 


2288 


1462 


800 


55 


14649 


50 


00 


37 


[21] 


214 


New-York,  Feb  mart/ '24.  1817. 


19 
13 

17 

16 
21 


Adventure  from  Jamaica  in  Co.  Dr.  to  Sun- 
dries : 
To  Commission  on  14649.37  total  sales, 

at  6  per  cent.  732.47 

To  George  Quinton,  for  his  1-3  gain       805.63 
To  John  Vallens,  for  his  1-3  gain  805.63 

To  Profit  and  Loss,  for  manager's  gain     805.64 


1.  Debit  Adven.  from  Jamaica,  To  Sund.  3149.37 

2.  Credit  Commission,  by  Advn.  from 

Jamaica  732.47 

3.  Credit  George  Quinton,  By    do.    do.  805.63 

4.  Credit  John  Vallens,  By     do.     do.    805.63 

5.  Credit  Profit  and  Loss,  By  do.     do.    805.64 

To  find  each  partner's  gain. 
Sales  of  Sugar  in  Coniany  14649.37 

First  cost  of  the  Sugar  10000.00 

Insurance  500.00 

Duty,  Charges,  &c.  at  landing  100000 
Commission  on  the  Sales  73J.47 

12232.47 


Total  gain,  divided  by       3)  24 1 6.00 


«05.tj3 


If  the  Sugar  in  Company  be  entered  in  the  Sales 
Book,  and  all  sold,  close  the  Adventure 
after  the  following  manner,  viz. 
James  Yielding  Dr.  to  Sales  of  Sugar  in  Co. 

For  amount  of  100  hhds.  of  Sugar  in  Co.  sold 
him,  as  per  Sales  Book  folio  — . 


Sales  of  Sugar  in  Co.  Dr.  To  Sundries  14649.37 


To  Adventure  from  Jamaica,  for  the 
first  cost  of  the  Sugar,  and  Insu- 
rance thereon  lO.OOO.OO 
Ti>  Cash,  paid  Chirges  at  landing  1000  00 
To  Commission  on  the  Sales  732.47 
To  Geo.  Quinton,  for  his  share  of  gain  805.63 
To  John  Vallens,  for  his  share  of  gain  805.63 
To  Profit  and  Loss,  for  manager's  gain  805  64 


3149 


37 


14649 


14649 


37 


37 


215 


New-Yorlc^  February  24.   1817, 


[22] 


2 
10 

14 


Sundries  Dr.  to  Cash: 
Thomas  Allen,  paid  him  the  balance 

of  his  account,  1496.00 

interest,  for  three  months,   at  7  per 

cent,  on  the  above  sum,  26.19 

Household  Furniture, purchased  per  bill,   96.25 


To  Post  this  transaction, 

1.  Credit  Cash,  By  Sundries,       1618.44 

2.  Debit  T.  Allen,  To  Cash,      1496.00 

3.  Debit  Interest,  To      do.  26.10 

4.  Debit  H.  Furniture,  To  do.       96.25 
25 


21 

21 

4 

2 

13 

18 


Sundries  Dr.  to  Sundries  : 

For  amount  of  sundry  Goods  shipped  onboard 
the  Sarah,  for  Bridgetown,  Barbadoes,  and 
consigned  to  William  Thompson,  merchant 
there,  on  the  account  of  said  Thompson 
and  the  shipper,  each  one  half,  as  per  In 
voice  Book,  page  8. 

Adventure  to  Barbadoes,  in  Co.  with 

Wm.  Thompson,  for  ray  half,         1572.66 

Wm.  Thompson,  for  his  half,  1572.66 


To  Merchandize, 
To  Cash  paid  charges, 
To  Commission, 

To  Globe  Insurance  Co.  for  insuring 
the  same, 

To  post  this  transaction, 

1.  Debit  Adv.  to  Barbadoes,  To  Sun- 

dries, for  my  half, 

2.  Debit  Wm.  Thompson,  To  Adv.  to 

Barbadoes,  for  his  half, 

3.  Credit  Merchandize,  By  Adv.  to 

Barbadoes, 

4.  Credit  Cash,  By  do. 

5.  Credit  Commission,  By  do. 

6.  Credit  G.  Insurance,  By  do. 


2791.50 

34.50 

141.30 

178.  2 


1572.66 

1572.66 

2791.50 

34.50 

141.30 

178.  2 


1618 


44 


3145 


32 


3145 


32 


[23] 


16 


New-  York,  February  27.  181/ 


21 


4 

2 

13 


4 
10 


2 

3 

21 

16 


Thomas  Shaw  Dr.  to  Sundries: 
For  amt.  of  Invoice  of  Merchandize,  per  the 
Juno,  for  Jamaica,  on  his  account  and  risk, 
as  per  Invoice  Book,  No.  1.  page  9. 
To  Merchandize,  2093  90 

To  Cash  paid  charges,  63.75 

To  Commission,  83.75 


1.  Debit  T.  Shaw,  To  Sundries,  per 

the  Juno,  2241.40 

2.  Credit  Merchandize,  By  T.  Shaw,  2093.90 

3.  Credit  Cash,  By                      do.  63.75 

4.  Credit  Commission,  By           do.  83,7.:) 


Merchandize  Dr.  to  Home  &  Jones : 
Bought  of  them  sundry  Goods,  at  4  months,  a- 
mounting,  as  per  bill  of  parcels,  to 

1.  Debit  Merchandize,  To  H.  &  J.       15800.00 

2.  Credit  H.  &  J.  By  Merchandize,      15800.00 
Note, — The  Goods  ought  to  be  entered  in  the 

Invoice  Book. 
28 


Cash  Dr.  to  Bills  Recefvable : 
Received  for  Wm.  Johnson's  Bill,  No.  107, 


Sundries  Dr.  to  Cash  : 
House  in  Broad-st.  paid  for  repairs, 
Profit  and  Loss,  paid  taxes, 
House  Expenses,  paid  this  month, 


167.00 
200.00 
119.31 


END  OF  THE  DAY  BOOK. 


2241 


15800 


867 


486 


40 


00 


00 


31 


Captain  James  Carter  having  returnedjfrom  Glasgow,  who  was  em- 
ployed to  purchase  Linen  in  Co.  witli  Daniel  Allee,  John  Thorn 
and  Manager,  each  in  proj)ortion  to  his  capital  advanced,  was  paid 
600.  Money  (hsbursed  by  the  captain,  for  expences  attending  the 
adventure  and  his  commission.  The  Linen  purchased  at  Glasgow 
being  sold  here,  amounted  to  5000.  An  adjustment  of  the  concern 
is  exhibited  in  the  plainest  manner. 

1.  The  Manager  upon  advancing  the  money  to  Capt.  Carter 
debited  the  adventure  1 800.  being  the  sum  of  the  stock  advanced, 
and  credited  cash  for  his  share,  and  each  partner  for  his  respective 
capital. 

2.  Upon  the  return  of  the  Brig  Nancy  from  Glasgow,  he  debited 
the  adventure  600.  and  credited  Cash  for  the  same,  money  advanced 
by  Capt.  Carter  for  the  Company,  which  Manager  now  paid  him. 

3.  The  Manager  disposed  of  the  Linen  in  Co.  for  5000.  for 
which  he  debited  Cash,  and  credited  the  adventure. 

4.  The  Debtor  side  of  the  adventure  1800.00  -f-  600.00  subtracted 
from  the  credit  side,  i.e.  5000.— 2i00,  the  difference  2600.  the 
gain,  is  divided  betvreen  each  partner  in  proportion  to  his  stock  in 
Co.  thus : 

Stock,       G-iin,        Stock. 
As  1800  :  2600  :  :  500. :      722.22f  A's  gain, 
600.  :      866.661  T's  gain, 
700.  :    1011. llf  Manager's  gain. 


2600.00 


The  adventure  is  charged  with  this  sum  which  closes  it. 
The  sales  of  Linen  in  Co.  5000.  —  600  the  money  paid  Capt. 
Carter,  leaves  4400.  in  the  hands  of  the  Manager  to  pay   himself 
and  each  partner  his  stock  and  gain,  thus  : 

500. -f-   722. 22|-= 1222.221-  AUee's  stock  and  gain, 
600.+   866.66|=i466.66|  Thome's  stock  and  gain, 
700.+  1011.1li=17Il.ll^  Manager's  stock  and  gain. 

4400.00.  Proof. 


Note.  When  the  Manager  ascertained  the  gain  on  Linen  in 
Co.  he  credited  each  partner  for  his  share,  anil  Profit  and  Loss  for 
his  share.  When  he  pays  them  their  stock  and  gain,  their  accounts 
will  stand  balanced  or  closed. 


r  f 


218 


Proof  Journal  for  February^  1817.  Drs, 


Sundries  Dr.  to  Sundries. 

William  Martin,  To  Sundries 

Insurance,  „  „ 

Bills  Receivable, 

Cash, 

John  Nash, 

Bills  Payable, 

Brandy,  „  „ 

LiOttery  Tickets,  Cash, 

Adventure  from  Jamaica  in  Co.  Sun- 


Date. 
1,14. 

2,18. 

2,9,12,17,18,21,22,28. 

3,  r. 

„   5,  10,  ir,  21,  22. 

4. 
5 

6,  19,  24, 


dries, 
Charles  Chambers,  „  8. 

George  Quinton,         Sales  per  Neptune       II. 
General  Acct.  Sales,  Sundries,  11,  21. 


Home  &  Jones,  Brandy, 

Adven.  to  Glgsaow  in  Co.     Sundries, 

William  Chulmley,  „ 

Gibson  and  Carr, 

Globe  Insurance  Co. 

Thomas  Winter, 

James  Yielding 

Thomas  Allen, 

Interest, 

Household  Furniture 


12 
14 
15 
17. 

19. 
20. 


Bills  Payable, 

Cash, 

Sundries, 

Adven.  from  Jamaica,  24. 

Cash,  24. 

24. 

24. 


Adven.  to  Barbadoes,  Sundries,  25. 
William  Thompson,     'Adven.  to  Barbadoes,  25. 

Thomas  Shaw,              Sundries,  27. 

Merchandize,               Home  and  Jones,  27. 

House  in  Broad  Street,  Cash,  28. 

Profit  and  Loss,             „  28. 

House  Expences,           „  28. 


3432 

840 
6998 
7056 
7894 
3967 
7850 
II 

14649 

1169 

3037 

53£5 

7200 

1800 

1305 

800 

500 

6500 

14649 

1496 

26 

96 

1572 

1572 

2241 

15800 

167 

200 

119 


118279 


OO 
00 
89 
30 
85 
00 
00 
00 

37 

80 
23 
78 
00 
00 
97 
OO 
00 
00 
37 
00 
19 
25 
68 
66 
40 
00 
00 
00 
31 


19 


Proof  Journal  for  February^  1817.      Crs. 


Sundries  Dr.  to  Sundries : 

Daks. 

Insurance,  By  William  Martin,  1. 

James  Yielding,  Sundries,  1,  18. 

JohnVailens,  „  1,18,2/1. 

George  Quinton  „  I,  18,  24. 

William  Ford,  „  1,  18. 

Commission,         1,  3,  8, 11,  15  21,  24,  25,  i?. 
Edward  Franklin,  Bills  Rt  ceivable,     2. 

Bills  Receivable,  Cash,  2,  9,  1 2  17,  22,  28. 

Cash,  3,  4,  5,  8,  10,  11,  14,  15,  IT, 

19,  21,  22,  24,25,  2r,  2a. 
Merchandize,         Sundries,  \i,  8,  \b^  20,  25,  27. 


Globe  Insurance,     „ 
John  Nash 
William  Roberts, 
Bills  Payable, 
General  Acct.  Sales, 
Interest, 
Brandy, 
Daniel  AUee, 
John  Thorn, 
Thomas  Winter, 
Profit  and  Loss 
Adven.  from  Jamaica, 
Home  and  Jones, 


3,6,8,15,25. 

Brandy,  4. 

Sundries,  6,  11,21. 

7,14,17. 

>  11,21. 

11,18,21, 

Home  and  Jones,      1 1 . 

Adven.  to  Glasgo^y    14. 

14. 

Bills  receivable,        18. 

Sundries,  20,  24. 

James  Yielding,        24. 

Merchandize,  27. 


840 
632 
2640 
2550 
1010 
1589 
1717 
4497 

10076 

17340 

1122 

7500 

13770 

6434 

5325 

275 

7200 

500 

600 

900 

1305 

14649 

15800 


1 1 8279 


00 
11 
71 

33 
00 
&7 
00 
75 

59 
85 
34 
00 
38 
75 
78 
76 
00 
00 
00 
00 
64 

ar 

00 


LEDGER,  G.   or  No.   3. 

January  1.   1817. 


ALPHABET    OR   INDEX,   TO   THE   LEDGER. 


A      •                   1 
Allen,  Thomas  ....     10 
Adventure  from  Jamaica  in 

I 

Interest 14 

Insurance 17 

Co 19 

Adven.  (o  Glasgow  in  Co.    20 
Allee,  Dani(  1     ....     20 

L 

Lightfoot,  Samuel       .     .     14 
Lottery  Tickets     .     .     .19 

Bills  Receiva])le,   ...       C 
Beal  Francis,     ....       7 
Blount,  VVilUcim     ...       8 
Blackwood,  John  ...       9 
Bills  Payable    .     .     .     .     11 
Biandy .18 

M 
Merchandize     ....      4 
Morris,  Thomas     ...     11 
xMartin,  William     ...     16 

N 
Newman  8c  Co.      .     .     .       9 
Nash,  John  .....     17 

C 

Cash 2 

Commission      ...     .13 
Collins,  John     ....     14 
Chulmlev,  William     .     .     1.^ 

P 
PitGeld,  Charles     ...      7 
Parsons,  James       ...       8 
Profit  and  Loss       ...     21 

Chambers,  Charh  s      .     .20 

Qiiinton,  George  ...     17 

%                     L) 

Debentures 5 

Jl 
Roberts,  William   ...     20 

F 
Funded  propeirty  ...      2 
Farm  in  Jersey      ...       5 
Franklin,  P^dward       .     .       8 
Ford,  William,      ...     17 

S 

Stock 1 

Ship  Mary 8 

Shaw,  Thomas       ...     21 

T 

G 

Globe  Insurance    ...     13 

Taylor  &  Co 9 

Thorn,  John      ....     20 

Gibson  &  Carr       ...     14 
General  Acct.  Sales   .     .15 

V 

Vincent,  William  ...     10 
Voyage  to  Barbadoes      .     12 
Vallens,  John    ....     16 

.       H 

House  in  Broad-street     .       3 
Household  Furniture      .       4 
Harrison,.Thomas       .     .       8 
Home  &  Jones       .     .     .10 

Warren  &  Smith     ...       9 
Winter,  Thomas     ...     10 

Harris^  Samuel       ...     10 
House  Expenses    .     .     .     16 

Y 

Yielding.  James     .     .     .     ]-» 

•79-2 


m 


Stocky 


i8ir. 

Jan. 
Feb. 


To  Sundries, 

To  Balance  for  uiy  net  Estate, 


NoT^. — This  account,  which  is  fictitious 
or  imaginary,  for  it  represents  the 
owner  of  the  Books,  contains,  on 
the  Dr.  side,  the  amount  of  all  the 
debts,  if  any,  which  he  owed,  when 
the  Books  were  opened,  and  on  the 
Cr.  side,  the  amount  of  ready  mo- 
ney, goods,  debts,  and  property  of 
every  kind,  belonging  to  him  ;  the 
balance  shows  what  his  net  stock  is, 
or,  in  case  of  Bankruptcy,  how 
much  his  debts  exceed  his  effects. — 
There  is  no  more  entered  in  this  ac- 
count until  the  books  are  closed, 
and  then,  if  the  trade  has  brought 
a  profit,  that  gain  is  entered  on  the 
Cr.  side,  if  there  has  been  a  loss,  it 
is  entered  on  the  Dr.  side. 


Different  ways  of  closing   this    Ac- 
count. 

1 .  To  Profit  and  Loss,  for  my  loss  on 
trade,  which  happens  when  the  Dr, 
side  of  Profit  and  liOss  exceeds  the 
Cr.  side,  for  then  Profit  and  Loss  is 
closed  on  the  Cr.  side,  By  Stock 
for  my  Loss,  and  that  difference  or 
loss  is  carried  to  the  Dr.  side  of 
this  account — Thus  : 

To  Profit  and  Loss  for  my  loss  on  trade. 


Di 


50 

re 

26 


223 


Contra^ 


1817. 
Jan. 
Feb. 


By  Sundries, 

By  Profit  and  I.oss, 


2.  By   Profit  and  Loss,  for  ray  gain  on 

Trade,  when  the  Credit  side  of 
Profit  and  Loss  exceeds  the  Dr 
side,  for  then  Profit  and  Loss  is 
closed  to  stock  for  the  gain,  and 
that  gain  is  carried  to  the  credit 
side  of  this  account,  as  in  the  pre- 
sent case. 

3.  To  Balance  for  my   net  estate,  and 

that  happens  when  the  Dr.  side  of 
Balance  exceeds  the  Cr.  side,  for 
then  Balance  is  closed  By  Sfock, 
for  my  net  estate  or  capital,  and 
that  difference  is  placed  on  the  Dr. 
side  of  Stock,  as  in  the  present  in- 
stance. 

By  Balance  for  my  becoming  Bankrupt, 
which  happens  when  the  Cr.  side  of 
Balance  exceeds  the  Dr.  side,  for 
then  Balance  is  closed  to  Stock  for 
my  insolvency,  which  difference  is 
carried  to  the  Cr.  side  of  Stock — 
Thus: 

By  Balance,  for  my*  Insolvency,  say 


Cr. 


[1] 


51 

26 


10000 


oa 


ii] 


Cdsh^ 


1817. 
Jan. 

Feb. 


Jan. 


To  Stock,  : 

To  sundry  Accts.  rec'd  this  month,     I 
To  sundry  Accts.  rec'd  this  month, 

NoTB. — This  is  a  real  account.  By  real 
accounts,  we  understand  the  ac- 
counts of  property,  of  whatever 
kind  it  may  be,  such  as  ready  mo- 
ney, goods,  houses,  lands,  ships, 
shares  in  public  companies,  and  the 
like.  On  the  Dr.  side  of  this  ac- 
count, the  maney  in  hands,  at  o- 
pening  the  bfioks,  is  entered,  and 
afterwards,  all  the  money  received, 
until  the  books  are  closed.  The  Ci*. 
side  contains  all  the  money  J)aid  oot, 
and  the  balance  shows  how  much 
ousjht  to  be  on  hand,  (i.  e.)  there 
ought  to  be  as  much  as  the  Dr.  ex- 
ceeds the  Cr.  side  ;  the  proper  en- 
tries with  respect  to  the  cash  ac- 
count being  made. 

Different  ways  of  clo^in^  this  account, 

1.  Close  it,  when   the  Dr.  exceeds  the 

Cr.  side, — By  Balance  for  the  dif- 
ference, as  in  the  present  case. 

2.  When  you  have  more  money  in  hands 
than  is  enterrtl  in  the  books, — By 
Balance  for  the  dilference,  and — To 
Protrt  and  Loss  for  the  gain  arising 
from  the  excess  of  Ihe  money  foun(l. 


Funded  Property^ 


Dr, 


To  Stock, 

Note. — This  is   a  real  account. — Vari- 
ous ways  of  closing  it, 

1.  By  Balance,  for  the  whole   of  the 

Stock  remaining  on  hand,  valuing 
it  at  the  first  cost,  as  in  the  present 
case. 

2.  By  Balance,  for  what  remains  unsold, 

and  By  Profit  and  Loss  on  the  sum 
sold,  if  sold  for  less  thau*the  first 
cost. 


Dr. 


50 

96 
30 

76 


59'Jh 


00 


Contra, 


225 


Or. 


[2] 


1817. 
Jan.  31 
Feb.  2n 


By  sundry  Accts.  paid  this  month, 
By  sundry  Accts.  paid  this  month, 
By  Balance  remaining  in  hands, 

3.  When  you  have  more  money  enter- 
ed in  the  account  than  the  sum  in 
hands — 

By  Balance  for  the  difference  of  its 
sides,  and — By  Profit  and  Loss, 
for  the  diiference  between  the  cash 
in  Till  and  the  sum  in  Books. 

4.  When  you  receive  light  gold  or  de- 
preciating paper  money,  and  pass 
them  as  current — 

To  Profit  and  Loss,  for  the  gain. 

5.  When  you  receive  current  money, 
and  pass  it  under  par — 

By  Profit  and  Loss,  for  the  loss. 

6.  Suppose  you  receive  money  from 
your  debtor  unexpectedly,  with 
whom  there  is  no  account  opened 
at  present,  the  man  having  failed 
or  absconded  at  some  former  peri- 
od, make — Cash  Dr.  to  Profit  and 
Loss,  for  the  payment  received,  as 
it  must  now  be  considered  a  gain. 


DP 


Feb. '28 


Contra, 


Cr. 


By  Bdlance, 

3.  By  Balance  for  what  remains  unsold, 

and — To  Profit  and  Loss  for  the 
gain  on  the  part  sold,  if  sold  above 
the  original  cost. 

4.  To  Profit  and  Loss,  when  all  is  sold 

with  a  gain. 
6.  By  Profit  and  Loss,  when  all  is  sold 
with  a  loss. 


226 


[3] 


House  in  Broad- Street, 


Dr. 


1817. 

Jan. 
Feb. 


Jan. 


To  Stock, 

To  Cash  paid  repairs, 

Note  1 . — This  account  is  closed  here — 

By  Balance  for  the  real  value,  with 

the  repairs  added  to  it. 
2. — It  can  be  closed — By  Balance  for 

the  first  cost,  and — To   Profit  and 

Loss  for  the  sum  gained  by  rent,  a- 

bove  the  repairs. 
3. — By  Balance  for  the  first  cost,  and — 

By  Profit  and  Loss  for  the  money 

expended  in  repairs. 


Ship  Mary^ 


Dr. 


To  Stock, 

To  Cash  paid  repairs, 

Note. — Accounts  of  Ships,  or  shares  of 
Ships,  contain,  on  the  Dr.  side,  the 
value  of  the  ship,  or  what  she  cost 
you,  with  all  expenses  laid  out  on 
her  ;  on  the  Cr.  all  freights  recei- 
ved. 

Various  n'aijs  of  closing  this  account. 

1. — By  Balance  for  her  intrinsic  value, 
or  what  she  is  worth. 

2 By  Balance  for  her  intrinsic  value, 

and — To  Profit  and  Loss  for  the 
excess  of  the  freight  above  the 
charges  for  repairing  her. 

3. — By  Balance  for  her  intrinsic  value, 
and — By  Profit  and  Loss  if  the 
charges  expended  on  her  exceed 
the  freight,  as  in  the  present  in- 
stance. 

4. — By  Profit  and  Loss,  if  you  sell  her 
with  a  loss,  or  if  she  is  lost,  for  her 
real  value. 

5. — To  Profit  and  Loss,  if  you  sell  her 
with  a  sain. 


DP 

1 
23 


15000j00 
167100 

1516ri00 


4000  00 
260 100 

4260  00 


227 


[3] 


Contra, 

Cr. 

1817. 

DP 

Feb. 

28 

By  Balance, 

i5ur 

00 

' 

4. — If  you  sell  the  house  for  more  than 
the  first  cfst,   make — Cash  Dr.  to 
House  in  Broad-street,   and  close 
the  account — To  Profit  and  Loss 
for  the  gain. 

5. — If  you  sell  it  for  less  than  the  origi- 
nal cost — Cash  Dr.  to  House   in 
Broad-street,    and    close   the    ac- 
count—By Profit  and  Loss  for  ^^the 
deficiency. 

•28 

Contra^                                    Or, 

7 

256 

Jan. 

By  Cash  for  freight, 

25 

Feb. 

28 

By  Balance  for  the  intrinsic  value, 

4000 

00 

By  Profit  and  Loss, 

Q.— With  a  double  Profit  and  Loss,  (i.  e.) 

3 

75 

4260 

00 

in  case    she    cleared    herself    by 

freight,  and  more,  she  is  fitted  out 

for  a  voyage,  and  you  received  cer- 

tain  advice   that  she  was  captured 

by  an  armed   vessel    or   privateer, 

or   otherwise   lost,    close  the   ac- 

count—L  By  Profit  and   Loss  for 

her  intrinsic  value-2.  To  Profit  and 

Loss  gained,  for  the  excess  of  the 

freight  above  her  real  value. 

7.— With  a  double  Profit  and  Loss,  and 

with  Balance,  (i.  e.)   in  case  she 

was  ransomed,  close  the  account— 

1 .  By  Profit  and  Loss  for  the  ran- 

som money— 2.  By  Balance  for  her 

value -3.  To  Profit  and   Loss   for 

the  excess  of  the  Cr.  above  the  Dr, 

side. 

•220 


L4j 


Household  Furniture] 


Di 


1817. 

Jan. 

Feb. 


To  Stock, 
To  Cash, 


Note  1.  This  account  is  closed,  By  ba- 
lance for  the  amount  of  the  Dr. 
side,  as  in  the  present  case. 

2.  It  can  be  closed.  By  balance,  and  To 
profit  and  loss,  i.  e.  a  part  sold  and 
a  part  unsold  and  a  gain  on  the  part 
sold. 


Jan. 


Teb. 


Merchandize^ 


D 


200  0 

96 


i096 


GO 
•25 


To  Stock, 

To  Samuel  Lightfoot, 

To  Home  and  Jones, 


Note  1.  The  account  of  Merchandize, 
contains  on  the  Dr.  side  the  value 
of  the  goods  contained  in  the  In- 
Tentory,  when  the  books  were 
opened,  also  the  amount  of  all  the 
Invoices  purchased  since  that  time. 
The  credit  side  exhibits  the  sales, 
together  with  the  value  of  the 
goods  remaining  in  hand  at  (Closing 
the  Books. 
Merchandize,  if  all  be  sold,  will  close 
or  balance  itself,  when  it  is  only 
an  account  of  goods  purchased  on 
commission,  and  charged  on  both 
sides  at  prime  cost,  whence  neither 
gain  nor  loss  arises,  but  if  any  of 
the  goods  remain  on  hand,  at  clo 
sing  the  books,  tnen  it  must  be 
closed,  B>  Balance  for  amount  of 
goods  reijiaining  on  account  of 
your  emploj^ers/' 
All  the  goods  on  the  credit  side  of 
this  account  were  charged  at  prime 
cost,  therefore  it  is  closed,  By  ba- 
lance for  amount  of,  goods  re 
maining  unsold  as  per  inventory 
taken. 


18000 

6000 

15800 


39800 


00 
00 
00 

00 


229 


[43 


Contra^                  ' 

Cr. 

•  -♦ 

I8ir. 

Feb. 

2a 

By  Balance, 

2096 

00 

3.  By  Balance  for  the  ralue  of  the  fur- 



— 

niture    rernainii  g:   unsold,   and   by 

Profit  and  Loss  for  the  loss  on  the 

quantity  sold,  i.  e.  a  part  sold  and 

a  part  unsold,  and  a  loss  on  the 

part  sold. 

4.  To  Profit  and  Loss,  all  sold  with  a 

gain. 

5.  By  Profit  and  Loss,  all  sold  with  a 

1 

loss. 

3 

3600 

Contra,                                    Cr. 

Jan. 

By  voyage  to  Barbadoes, 

00 

:j 

By  Eduard  Franklin, 

jj 

359 

29 

12 

By  William  Blount, 

4 

2302 

95 

16 

By  John  Collins, 

5 

1348 

50 

30 

By  Debentures, 

8 

450 

25 

Feb. 

3 

By  John  Nash, 

14 

4302 

75 

8 

By  Charles  Chambers, 

15 

1019 

70 

15 

By  VVilliam  Chuhuley, 

18 

ll;i3 

00 

20 

By  Thomas  Winter, 

19 

6000 

00 

25 

By  Adventure  to  Barbadoes, 

22 

2791 

50 

27 

By  Thomas  Shaw, 

23 

2093 

90 

28 

By  Balance  unsold. 

14398 

16 

4.  If  the  gain  was  not  ascertained  on  the 

— 

goods  sold  Thomas  Winter,  at  the 

39800 

00 

time  the  sales  were  made,  the  ac- 

 , 

count    would  be  closed  here.      1. 

By  Balance  for  amount  of  goods 

unsold,  14398.16  2.  To  Profit  and 

Loss  gained.  500.00. 

5.  Whenever  you  wish  to  ascertain  the 

state  of  your  affairs,  take  an  inven- 

tory of  the  goods  that  remain  in  the 

store,  valuing  them  at  prime  cost. 

credit  merchandize.  By  Balance  for 

amount  of  goods  unsold,  next  add 

both  sides  of  the  account,  and  debit 

it  To  Profit  and  Loss  for  the  dif- 

ference, which  is  your  gain. 

230 


[5 


Farm  in  Jersey, 


Dr. 


i8ir. 

Jan. 
Feb. 


Jan. 


To  Stock, 

To  Profit  and  Loss, 


Note. — This  Account  is  closed  at  pre- 
sent, By  Balance  for  its  intrinsic 
value,  and  To  Profit  and  Loss  for 
the  gain  arising  from  the  sale  of 
Produce. 

2.  It  can  be  closed,  By  Balance  for  its 
real  value,  and  By  Profit  and  Loss, 
if  the  expenses  of  fencing  &lc.  ex- 
ceed the  returns  by  produce  or 
rents. 


Debentures^ 


Dr 


To  Stock, 

To  Merchandize, 


Note. — This  account  is  of  the  same 
kind  as  Bills  Receivable  account 
It  is  debited  for  all  Debenture  Cer 
lificates  the  Merchant  receives  for 
Drawbacks  from  the  Custom-House, 
and  credited  for  what  they  produce, 
or  the  transfers  made  of  them.  It 
is  closed  By  Balance,  for  amount 
of  those  that  remain  unpaid. 


1 

6000 
300 

00 
00 

6,;oo 

00 

1 

8 

1500 
450 

1950 

00 
'2b 

25 

' 

231 


Contra^ 


Cr. 


[5] 


1817. 

Jan 
Feb 


Jan. 
Feb. 


By  Cash 
By  Balance, 


3i  To  Profit  and  Loss  for  the  gain,  when 
sold  for  more  than  first  cost. 

4.  By  Profit  and  Loss,  for  the  Loss  sus- 

tained, when  sold  for  less  than  the 
original  cost. 

5.  By  Balance  for  the  real  value ;  this 

happens  before  you  receive  any 
rent,  or  lay  out  any  expenses  on 
the  farm. 


Contra^ 


Cr. 


By  Cash,  received  for  drawback, 
By  Balance, 


300 
6000 

6300 


OO 
00 

00 


204 
1746 

1950 


00 
25 

25 


[6J 


23: 


Bills  Receivable^ 


Dr. 


i8ir. 

Jan. 


Feb. 


I 

3 
19 

18 


To  Stock  for  Amt.  Bills  due  to  me, 
To  Charles  Piifield,  for  No.  1, 
To  VViliiaiij  Cl.ulmley,  2,  3. 

To  William  Blount,  6,  5,  6, 

To  Edward  Franklin,  7,  8, 


To  Sundries 


9,  10,12,11,  13, 


Note.  This  is  a  substituted  personal  ac- 
count. 

When  in  the  course  of  business  a  mul- 
titude of  Debts  are  due  to  us  by 
Bills,  Notes,  or  Bonds,  in  order  to 
save  the  trouble  of  opening  an  ac 
count  for  each  Debtor  of  this  sort, 
a  general  account  is  kept  for  them 
all,  under  the  title  of  Bills  or  Notes 
receivable. 

All  Bills  or  Bonds  due  to  me  are  entered 
on  the  Dr.  side  when  received  and 
on  the  Cr.  side  when  paid  or  other- 
wise disposed  of  The  Balance 
shews  the  amount  of  Bill*  on  hand. 

There  are  various  ways  of  closing  this 
account,  all  of  which  will  occur  in 
practice.  The  Dr.  side  shews  the 
number  of  Notes  that  came  into 
your  hands.  The  Cr.  the  number 
paid,  passed  or  discounted. 

1.  By  Balance  for  the  amount  of  Bills 

on  hand  at  closing  the  Books,  as  in 
the  present  case. 

2.  By  Balance  for  amount  of  Bills  re- 

maining and  to  Profit  and  Loss 
for  the  gain  on  what  you  passed 
of  them  on  being  allowed  discount. 

3.  By  Balance  for  what  remains  unpaid 

at  closing  the  Books,  and  By  Profit 
and  Loss  for  the  loss  sustained  on 
the  part  you  transferred  or  passed 
them  of,  by  allowing  discount  or  sel- 
ling them  under  par. 

4.  To  Profit  and  Loss  for  the  gain,  if  all 

is  passed  and  a  discount  allowed 
you. 


7244 

400 

1110 

1/17 
5:181 

!79bi> 


50 
00 
00 
50 
00 
89 

89 


J33 


Contra, 


Or. 


[6] 


1817. 

Jan, 

Feb. 


Bv  Cash  received  for  No.  197, 


By  Cash, 
By  Cash, 
By  Cash, 
By  Cash, 
By  Cash, 
By  Cash, 
By  Cash, 


20r,  218,  I   6 
110, 

2, 

3, 

25r, 

261, 

lor, 


By  Balance  for  Amt.  Bills  due  to  me. 

5.  By  Profit  and  Loss,  if  all  is  passed 

with  a  loss,  by  allowing  discount, 
or  not  receiving  the  Amount  of  one 
or  more  of  the  Notes  or  Bills  occa- 
sioned by  the  failure  of  those  who 
were  bound  to  pay  the  same — 

6.  With  a  double  Profit  and  Loss,  i.  e. 

when  you  are  closing  the  Books, 
and  missed  one  of  the  Notes,  close 
it,  By  Profit  and  Loss  for  Amount 
of  the  Note  lost ;  the  gain  that  at- 
tended the  rest,  by  the  discount  al- 
lowed you,  were  more  than  the  loss 
sustained  by  the  Note  that  was  mis- 
laid, then  close  the  account.  To 
Profit  and  Loss  for  that  gain — 

7.  With  Balance  and  a  double  Profit 
and  Loss — suppose  you  advertised 
your  Bill  or  Bond  lost,  so  much  for 
finding  it,  close  the  account.  By 
Profit  and  Loss  for  the  advertising 
money,  By  Balance  for  the  amount 
of  the  Bill,  if  found,~And  To  Pro 
fit  and  Loss  for  the  gain  on  the 
whole  of  the  Notes  passed  with 
discount — 


00 
75 
25 
00 
00 
00 
50 
00 
39 

86 


H  h 


•234 


[^J 


Francis  Bealy 


1)1 


lair. 

Jan. 


Jan. 


contain,  on  the 


To  Stock, 


Note. — This  is  a  Personal  account 
Pergonal  accounts 
Dr.  side,  all  the  debts  due  to  us 
when  the  books  were  opened,  or 
contracted  during  the  course  of  tlic 
Business;  whether  arising  from 
goods  sold,  money  lent  or  otherwise 
also  the  payments  made  by  us  of 
debts  which  we  owed. 

On  Ihe  Cre<lit  side  they  contain  debts 
due  by  us,  at  oj)ening  the  books,  or 
contracted  during  the  course  of  the 
business,  and  payments  made  to  us 
of  debts  that  were  owing  to  us. 

The  Balance,  if  any,  shews  what  is  ow- 
ing to  or  by  us  when  the  books  are 
closed. 

If  the  Account  has  inner  columns  for 
exchange,  the  difference  of  them 
will  be  a  gain  or  loss,  and,  therefore, 
these  columns  are  closed — To,  or 
By  Profit  an<l  Loss,  for  their  excess, 
i.  e.  if  the  Dr  exceeds  the  Cr.  there 
is  a  loss,  and  the  Cr.  the  Dr.  there 
is  a  gain. 


Charles  Pitfield, 


Dr. 


To  Stock, 


75 


648 


00 


23^ 


Contra^ 


Of 


iU 


Feb. 


Jan. 

Feb. 


28 


By  Balance  du^  to  me, 


Different  waijs  of  closim. 
count. 


this    Ac 


1    To  Balance,  for  the  excess  of  the  Cr. 
bove  the  Dr.  side,  which  shows  a 
Balance  due  of  you. 

2.  By  Balance,   for  aa  much  as* the  Dr 

exceeds  the  Cr.  side,  which  shows 
a  Balance  due  to  you,  as  in  the  pre 
sent  case. 

3.  By  Profit  and  Loss,  when  your  debt 

or  becomes  insolvent,  and  you  lose 
the  whole  of  the  debt. 

4.  When  your  debtor  becomes  insolvent 

and  agrees  to  pay  you  part  of  the 
debt,  at  this  or  some  future  time, 
close  ^he  account  thus  : 

1 .  By  Balance,  for  what  he  has  agreed 

to  pay  you. 

2.  By  Profit  and  Loss,  for  the  sum  lost. 


Contra^ 


Cr. 


By  Bills  Receivable, 
By  Balance, 


1148 


r5 


400 
248 

648 


00 
00 

00 


[81 


•J36 


William  Blount^ 


Dr. 


1817. 

Jan. 


12 


Jan. 


To  Stock, 
To  Sundries, 


James  Parsons^ 


To  Stock, 


Jan. 


Jan, 


Thomas  Harrison, 


To  Stock, 


Edward  Franklin ^ 

To  Stock, 
To  Sundries, 


Dr, 


Dr. 


1698 
2598 

4-296 


00 

re 

76 


1567  00 


Dr, 


540 


00 


1450 
423 

1873 


00 
6i 

61 


237 


Contra, 


Cr. 


[8] 


i8ir. 

Jan, 
Feb. 


By  Bills  Receivable, 
By  Balance, 


Feb.  -28 


Feb. 


Feb. 


•28 


Contra^ 


By  Balance, 


Contra^ 


By  Balance, 


Contra, 


By  Bills  Receivable, 
By  Balance, 


2215 
2081 

4296 


50 
26 

76 


Cr. 


i56r 


00 


Cr. 


540 


00 


Cr. 


13 


inr 

156 
1873 


00 
61 

61 


•23S 


^} 


John  Blackwood, 


Dr. 


1817. 
Jan. 


Jan. 


Feb. 


Feb. 


•29 


•28 


28 


To  Stock, 


Taylor  &  Co. 


To  Bills  Payable, 


Warren  &  Smith, 


To  Balance  due  to  them. 


Neioman  &  Co. 


To  Balance, 


DP 

1 


1296 


00 


Dr, 


1823 


Dr. 


1480 


00 


Dr. 


678 


00 


v.i 


'2'^d 


Contra^ 


I8ir. 
Feb. 


28 


Jan, 
Feb. 


Jan. 


Jan, 


By  Balance, 


Contra, 


By  Stock, 
By  Balance, 


Contra^ 


By  Stock, 


Contra, 


By  Stock, 


CV. 


[M 


Cr. 


Cr, 


Cr. 


DP 


2 


1296 


1650 
173 


1823 


1480 


678 


09 


00 
75 


00 


GO 


.^ 


[10] 


240 


Thomas  Allen^ 


Dr. 


1817.  I 
Feb.  24 


Feb. 


Jan. 
Feb. 


Feb. 


Feb. 


28 


20 


To  Cash, 

Home  &  JoneSy 

Dr. 

To  Brandy, 
To  Balance, 

William  Vincenty 

Dr. 

To  Bills  Payable, 
To  Balance, 

Samuel  Harris^ 

Dr. 

To  Balance, 

Thomas  Winter^ 

Dr. 

To  Sundries, 

u 


19 


1496  00 


7200 
965tt 

16856 


800 
56 


856 


00 
50 

50 


00 
00 

00 


450 


6500 


00 


00 


•241 


Contra, 


Cr, 


[103 


1817. 

Jan. 


Jan. 
Feb, 


Jan. 


Jan. 


Jan 
Feb 


By  Stock, 


Contra, 


By  Stock, 

By  Merchandize, 


Contra, 


By  Stock, 


Contra, 


By  Stock, 


Contra, 


By  Stock, 

By  Bills  Receivable, 

By  Balance, 


Cr. 


Df 


Cr. 


Cn 


Cr, 


1496  00 


1056 
15800 

16856 


856 


450  00 


50 
00 

50 


00 


658 

900 

4942 


6500 1)0 


00 
00 
00 


1  i 


[H] 


242 


Thomas  Morris, 


Di 


i8ir. 

Feb. 


28  To  Balance, 


Jan. 


Feb. 


5 
12 
26 
30 

5 
10 
17 
21 
22 
28 


Bills  Payable^ 


Di 


To  Cash,  Paid  No.  210, 

Ditto,  126, 

Ditto,  134,204, 

Ditto,  124,  148, 

Ditto,  1, 

Ditto,  227, 

Ditto,  2, 

Ditto,  5, 

Ditto,  3, 

To  Balance  for  Amt.  Bills  due  of  me. 


Note. — This  a  substituted  personal  ac- 
count. If  in  the  course  of  business 
a  number  of  debts  be  due  of  us  by 
Bills,  Bonds  or  Notes,  in  order  to 
save  the  trouble  of  opening  an  ac- 
count for  each  Creditor  of  this  sort, 
a  seneral  account  is  opened  for 
them  all  undt^r  the  title  of  Bills  or 
Notes  payable —  , 

All  Bills,  Bonds  or  Notes  accepted  by| 
us,  or  passed  to  others  for  any  thing 
bought  of  them,  are  entered  on  the 
Credit  side.  The  Dr.  shews  the 
number  we  have  taken  up  of  our 
own  Notes. 

The   Balance  exhibits  the   amount   of 
Notes  we  are  bouud  to  pay  or  re 
deem — 


DP 


1498  00 


4 

.5 

6 

8 

11 

16 

18 

20 


892  00 

1500:00 

1100  00 

1244  00 

800  00 

967  00 

600  00 

800  00 

800  00 

8358  50 

17061  50 


•243 


Contra^ 


Cr 


[11 


Feb. 


I 
2 

16 
•21 
29 
7 
4 
17 


By  Stock  for  Amt.  Bills  due  of  me. 
By   William  Vincent  accep- 
ted No.  1, 
By  Gibson  and  Carr,        2, 
By  Samuel  Lightfoot,      3,  4, 
By  Taylor  &  Co.  5,  6,  7, 
By  John  Nash,  8,9,  10,  11 
By  William  Martin,  12,  13, 
By  Gibson  &  Carr,  14, 

1.  Close  the  Account,  To  Balance,  if 

none  of  the  Notes  are  paid  or  taken 
up,  for  amount  of  the  Credit  side 
or  for  what  remains  unpaid  of  them, 
as  in  the  present  case. 

2.  To  Balance,  for  what  remains   un 

paid,  and  To  Profit  and  Loss  for 
the  gain,  if  allowed  discount  by 
paying  for  them  before  they  be- 
came due. 

3.  To  Balance  for  amount  unpaid,  and 

By  Profit  and  Loss,  for  the  pre- 
mium paid  for  indulgence  on  the 
part  taken  up. 

4.  To  Profit  and   Loss,  all  paid  with  a 

gain,  being  allowed  discount,  by 
paying  for  them  before  they  be- 
come due — 

5.  By  Profit  and  Loss,  all  taken  up  with 

a  loss,  by  paying  a  premium  for 
indulgence — 

6.  With   a   double  Balance,  then  make 

Balance  Dr.  to  Bills  payable  for 
amount  of  the  Credit  side,  and  Bills 
Payable  Dr.  to  Balance  for  amount 
of  the  Dr.  side — This  happens  when 
you  would  have  the  account  appear 
iu  your  next  Ledger  in  the  same 
state  as  it  is  in  your  present  Led  ger. 


5703 


800 
600 
1700 
18-23 
3084 
25.00 
800 

17061 


00 


00 
00 
00 
5 
75 
70 
00 

50 


■-M. 


[13] 


Voyage  to  Barbadoes^ 


Dr 


18H. 

Jan. 


To  Sundries, 
I  o  Cash, 

Note. — Voyages,  belonging  to  yourself, 
contain,  on  the  Dr.  side,  the  value 
of  the  goods  sent  to  sea,  with  all 
other  charges  attending  them ;  and, 
on  the  Cr.  side,  the  value  of  the 
Cargo,  when  you  receive  an  acct. 
sales.  The  Balance  of  these  ac 
counts  shews  what  properly  you 
have  in  voyages  outward  bound. 

Different  ivaj/s  of  closing  this  nccovnt. 

1.  By    Balance,  for  amount  of  the  Dr. 

side,  if  closing  the  Books  before 
you  receive  an  account  sales,  as  in 
the  present  case. 

2.  By  Balance,  for  what  remains  unsold, 

and— To  Profit  and  Loss,  when  a 
pari  of  the  sales  is  furnished  w  ith  a 
gain  on  (hem. 

3.  By  Balance  for  the  p,art  unsold,  and 

— By  Profit  and  liOss,  when  a  part 
of  the  sales  are  furnished  with  a  loss 

4.  To  Profit  and  Loss,  when  all  the  sale? 

are  furnished  with  a  gain. 

5.  By   Profit   and   Loss,  when  alh  the 

sales  are  furnished  with  a  loss. 


To  close  this  account  from  ihr   Dm/ 
Book  or  Jovrnnl 

1.  Balance  Dr.  to  Voyage,  when  no  ac- 

count  sales   is  received — See  first 
way  of  closing. 

2.  Balance  Dr.  to  Voyage,  and — Voyage 

Dr.  to  Profit  and  Loss,  when  a 
part  of  the  sales  are  furnished  with 
a  gain. — See  second  waj . 
.3.  Balance  Dr.  To  Voyage,  and— Profit 
and  Loss  Dr.  to  Voyage,  when  a 
part  of  the  sales  are  furnished  with 
a  loss. See  third  wav. 


!4;> 


Contra^ 


[32J 


1817. 

Feb. 


•28 


By  Balance  remaining, 

6.  With  a  double  Profit  and  Loss,  that  is, 

when  the  sales  are  all  furnished  to  a 
small  part,  and  that  your  Factor  fail- 
ed close    the    account.- 1.    By 

Profit  and  Loss,  for  amount  of  the 
loss  sustained  by  that  failure ;  but 
the  gain  that  attended  tiie  part  sold, 
was  more  than  this  loss,  then  close 
the  account — 2.  To  Profit  and  Loss 
for  that  gain. 

7.  By  Balance — By  Profit  and  Loss — 

and-  -To  Profit  and  Loss ;  that  is, 
when  your  Factor  compounded 
with  you,  allowing  him  an  abate- 
ment, close  the  account,—  ].  By 
Balance  for  what  remains  unsold^ 
valued  at  prime  Cost— 2.  By  Profit 
and  Loss,  for  the  abatement.--3.  To 
Profit  and  Loss,  for  the  gain  on  the 
part  that  was  sold. 


4.  Voyage  Dr.  To  Profit  and  Loss,  when 

all  the  sales  are  furnished  with  a 
gain. — See  fourth  way  of  closing. 

5.  Profit  and  Loss  Dr.  To  Voyage,  when 

all  the  sales  are  furnished  with  loss. 

6.  Profit  and  Loss  Dr.  To  Voyage  for  the 

loss,  and  Voyage  Dr.  To  Profit  and 
Loss  for  the  gain.  This  is  with  a  dou 
ble  Profit  and  Loss — See  sixth  way 
of  cloeing. 

7.  Profit  and  Loss  Dr.  To  Voyage  for  the 

loss,-  -Balance  Dr.  To  Voyage  for 
the  part  unsold,  Voyage  Dr.  To  Pro 
fit  and  Loss  for  tlie  gain  on  the  part 
sold.  This  is  By  Balance-By  Profit 
and  Loss,  and— To  Profit  and  Loss 
See  seventh  way  of  closing. 


[13] 


146 


Commission^ 


Dr. 


1817. 
Feb 


Feb. 


To  Profit  and  Loss  2,"ained, 


DP 


1149 


47 


Note. — This  account  contains,  on  the 
credit  side,  all  your  Commission,  or 
what  is  due  to  you  for  transacting 
business  for  otliers. 


Globe  Insurance, 


Di 


To  Cash   paid   on   Adventure  from 

Jamaica, 
To  Balance  due  to  the  Conjpany, 


Note. — This  Account  is  closed  similar 
to  other  personal  accounts,  for 
which,  see  Francis  Beal,  fol.  7. 


2149 


47 


19 


500 
791 


00 
9 


1291 


24r 


[13 


Contra^ 

Or. 

♦1817. 

DP 

1 

Jan. 

3 

By  Edward  Franklin, 

3 

19 

45 

12 

By  William  Blount, 

4 

116 

43 

16 

By  John  Collins, 

5 

68 

30 

29 

By  Sales  per  the  Diana, 

i\ 

355 

62 

Feb. 

1 

By  William  Martin, 

13 

42 

00 

3 

By  John  Nash, 

14 

216 

8 

8 

n 

15 
21 

24 

Bj  Charles  Chambers, 
By  Sales  per  the  Neptune, 
By  William  Chulmley, 
By  Sales  per  the  Mercury, 
By  Adventure  from  Jamaica, 

15 
16 
U 

20 
2* 

,0^ 
151 

114 

732 

56 
86 
23 
42 

47 

25 

By  Adventure  to  Barbadoes, 

22 

141 

30 

27 

By  Thomas  Shaw, 

23 

83 

75 

2149 

47 

There  are  no  entries  on  the  Dr.  side  ex- 
cept you   make  an  abatement  to 

your  employer,  and  then  Commis- 
sion is  Dr.*  to  A.  B.  for  the  allow- 

ance made  him  ;  otherwise  it 

isal- 

wajs  closed — To  Profit  and 

Loss 

for  the  amount  of  the  Or.  side,  as 

in  the  present  case. 

3 

Contra^ 

Cr. 

3 

15 

Jan. 

By  Edward  Franklin, 

12 

12 

By  William  Blount, 

4 

153 

63 

Feb. 

3 

By  John  Nash, 

14 

27i 

27 

6 

By  Adventure  from  Jamaica, 

15 

500 

00 

8 

Bv  Charles  Chambers, 

66 

6 

J5 

By  William  Chulmley, 

fS 

10.^ 

99 

25 

H^y  Adventure  to  Barbadoes, 

22 

178 

2 

1291 

9 

14J 


Jnteresi , 


Di 


3  8ir. 

Feb. 


Jan, 


Jan. 
Feb. 


Jan. 
Feb. 


16 


T<3  (]asli, 

To  Profit  and  Loss, 


Note. — This  is  an  imagioary  or  ficti 
tious  account,  and  subservient  to 
Profit  and  Loss.  The  Dr.  side 
contains  the  sums  paid  by  you  to 
others,  for  interest ,  the  Cr.  side 
the  sums  received  or  become  due 
to  you  of  others  for  the  same. 


John  Collins, 


Dr, 


To  Sundries, 


Gibson  and  Carr^ 


Dr. 


To  Bills  Payable, 
To         ditto, 


Samuel  Lightfoot, 


Dr. 


To  Bills  Payable, 
Fo  Balance, 


'2z 


26 
256 


2S2 


1634 


600 
800 


14O0 


1700 
4o00 


19 
21 

40 


70 


bOOO 


00 
00 

00 


00 
00 

00 


•249 


Contra^ 


Cr. 


[14] 


i8ir. 

Jan. 
Feb. 


Feb. 


I 
5 1  By  Cash, 

291  By  Sales,  per  tlie  Diana, 

1  i   By  Sales,  per  the  Neptune, 

18  By  Cash,  lor  dividend, 

21  By  Sales,  per  the  Morcur}', 

1.  Close  the  accouiit....To  Profit  and 
Loss,  when  you  have  received 
more  interest  than  you  paid,  as  iu 
the  present  case. 

2.  By  Profit  and  Loss,  for  the  excess  of 
the  Dr.  above  the  Cr.  side,  i.  e. 
when  you  pay  more  interest  than 
you  have  received,  or  is  due  to  you. 


28 


Feb. 


Jan. 


28 


Contra, 


Ci 


By  Balaiice, 


4 

o 
16 

20 


4 
2 
4 

2ro 


282 


46 

\Z 

9r 

00 

85 

40 


1534 


ro 


Contra^ 


Or. 


Bv  Balance, 


18 


Contra^ 


Cr 


\\y  Merchandize. 


1400 


00 


6000 


GO 


Kk 


'25^ 


[16] 


William  Chulmley, 


Dr. 


1817. 

Feb. 


Jar. 

Feb. 


1.5 


Jan. 
Feb. 


lo  Sundries, 


General  Acct.  Sales 


Di 


To  Sundries,  per  the  Diana, 
To  Sundries,  per  the  Neptune, 
To  Sundries,  per  the  Mercury, 

NoTF. — This  account  balances  itself, 
being  only  a  transcript  of  the  gene- 
ral result  of  the  accounts  m  the 
sales  Book,  where  the  particulars 
are  specified  at  large. 


James  Yielding^ 


D 


r. 


To  Sales,  per  the  Diana, 
To  Adventure  from  Jamaica, 


18 


1305 


7112 
3037 
2288 

12438 


2100 
14649 

16749 


97 


50 
23 
55 

28 


00 
37 

37 


151 


Contra, 


Cr. 


[15] 


1817. 

Jan. 
Feb. 


Jan. 
Feb. 


Feb. 


By  Rills  Receivable, 
By  Balance, 


Contra^ 


Cr. 


By  Sundries, 

By  George  Quiiiton, 

By  Cash, 


Contra, 


Cr. 


By  Insurance, 

By  Bills  Receivable, 

By  Balance. 


1110 
195 


1305 


7112 
3037 
2-288 


2438 


210 

422 

161  i7 


16749 


00 

97 

97 


50 
23 
55 

28 


00 

n 

26 
37 


[1' 


John  Vallens, 


Di 


Jan. 


I'd). 


Jan. 
Feb. 


11 


To  Salt's  pv:T  t!ie  Diaiw, 


William  Martin y 


To  Insiirancif, 
To  Cuinjiiission, 
To  I 'ills  i'ayable, 
To  Halancf, 


House  Expenses^ 


lo  Cash, 
To  Cash, 


Dr 


DP 


•29.S0 


Dr, 


840 
4 


6193 


256 

:i76 


00 


00 
00 
00 
95 

95 


31 


J53 


Contra^ 


Feb. 


18 
'24 


Jan. 


29 


Feb. 


By  Insurance, 

By  Bills  Rtceivable, 

By  Adv.  from  Jamaica,  1-3 

By  Balance, 


;ain, 


Contra^ 


Or. 


By  Sales  per  the  Diana,  for  nt.  pruc 


Contra^ 


Cr. 


By  Pfufit  and  Loss, 


CV. 

210 
1G25 

309 


[16] 


2950 


619;i 


3r6 


00 
B 

63 
29 

00 


95 


\d4 


Lin 


Insurance. 


Di 


1817. 

Feb. 


Feb. 


Feb. 


Feb. 


To  Sundries, 

Note.  This  is  an  imaginary  or  fictitious 
account,  for  it  represents  the  mer 
chant  or  owner. 

It  contains  on  the  Cr.  side  the  premiums 
received  for  making  insurances  ; 
and  on  the  Dr.  side  the  losses  sus 
tained  on  the  same.  The  money 
paid  by  you  to  the  person  who  in- 
sures your  goods,  is  called  a  pre- 
mium, and  is  so  much  per  cent. 
The  instriiment  lie  delivers  you,  is 
named  a  policy.  The  Balance  show 
the  gain  or  loss  which  arises  from 
insurance — 


11 


28 


George  Quinton. 


D) 


To  Sales  per  the  Neptune, 


William  Ford, 


Dr. 


To  Balance, 


John  Nash, 


Dr, 


To  Sundries, 
To  Bills  Payable, 


13 


16 


00 


3037 


23 


1010 


00 


7894 


10 
75 

85 


Contra^ 


1817. 

Feb. 


Feb. 


Feb. 


Feb. 


123 


By  William  Martin, 

In  the  case  before  us  there  is  no  insu- 
rance made  on  your  own  account, 
but  on  that  of  William  Martin ;  con- 
sequently neither  gain  nor  loss  can 
ensue,  except  by  the  failure  of  the 
person  for  whom  you  etfected  the 
insurance — 

1.  Close  the*  Acct.  To  Profit  and  Loss, 

for  the  excess  of  the  Cr.  above  the 
Dr.  side,  for  then  the  premiums  re 
ceived  were  more  than  the  losses 
sustained — 

2.  By  Profit  and  Loss,  for  as  much  as 

the  Dr.  exceeds  the  Cr.  side,  for 
the  Losses  sustained  were  more  than 
the  premiums  received. 


Contra^ 


By  IiisTirmce, 

By  Bills  Receivable, 

By  Adv.  from  Jamaica,  4  gain, 

•iy  Balance, 


Contra^ 


Cr. 


B  '  fn?iirance, 

By  Bills  Receivable, 


Contra^ 


Cr. 


By  Brandy, 
By  Balance, 


Cr. 


Lin 


00 


13 

18 
19 
21 

\.) 
19 

840 

210 
1534 

805 
486 

3037 

210 
800 

1010 

I 
4 

7500 
394 

7894 

00 
70 
63 

90 

23 


00 
00 

00 


00 

85 

85 


•236 


18 


Brandy, 


Dr, 


1817. 
Feb. 


To  Sundries  for 
To  Profit  and  Loss 
on  the  sale  of 


100  Hhds.JH 


gained 


bO  Hlids. 


Note.--  This  is  a  real  Account.  The 
Accounts  of  Goods,  such  as  Bran- 
dy, TobaccQ,  Winfe,  Broad  Cloth, 
&c.  have  inner  columns  for  entering 
the  quantities. 

When  the  Books  are  opened,  the  goods 
on  hand  are  entered  on  the  Dr.  side 
of  the  several  accounts,  the  quanti- 
ties are  put  in  inner  columns,  and 
their  values  in  the  money  columns. 
Goods  bought  are  entered]  in  the 
same  manner. 

The  costs  and  charges  of  all  goods,  with 
their  quantilies'on  the  Dr.  side,  and 
the  sales  thereof  on  the  Cr.  side. 

If  the  sums  of  the  inner  columns  on  the 
Cr.  are  equal  to  the  sums  of  the  in- 
ner columns  on  the  Dr.  side,  the 
goods  are  all  sold,  and  the  balance 
of  the  money  columns  shows  the 
gain  or  loss. 

If  the  sum  of  the  Cr.  side  is  greater,  there 
is  a  gain  ;  if  the  Dr.  side  is  greater, 
there  is  a  loss  on  the  sale  of  the 
Goods. 

If  the  sum  of  (he  inner  columns  on  the 
Dr.  side  is  greater,  it  shews  that  a 
part  of  the  goods  are  unsold,  and 
their  value,  at  prime  cost,  must  be 
added  to  the  sum  of  the  Cr.  side  in 
order  to  show  their  gain  or  loss. 

DiJfWcnl  'iT<iy<i  of  dosins;  these  accounts. 

Such   as   Brandv,    Tobacco,    Claret,     LiHrti,    Broad 

Clolh,  &r. 

1.  By  Balaiioe,  wlien  none  of  the  coods  are  sold  for 

amount  or  the  Dv.  nde,  ut  closing  thebofjks. 
'2.  By  Bal  »nce,  for  wlint  remains  unsoW,  and — To  Pro. 
fit  and  liOss,  foi  ttie  £;ain  on  tlie  pa' t  soid  ;  that  is, 
a  part  told  and  a  part  unsold,  and  a  ^iwii  on  the 
on  the  part  sold ,  as  in  tjje  present  case. 
[].     By  Balance,  for  the  quantity  unsold,  and  By  Pro. 
fit  and  Loss,  for  the  loss  on  the  part  sold ;'  (i.  e.) 
a  piirt  sold,  and  a  part  unsold,  and  a  loss  on  the 
part  sold. 
1.    'JCo  Profit  and  Loi»s,  for  the  excess  of  the  Cr.  above 
the  Dr.  pidc;(i.  e."^vrhen  all  i?  sold  with  acain. 


00 

(10 

00 


2:u 


ConircL 


Cf\ 


[13] 


^817. 
'  Feb. 


By  Home  &  Jones,  for  60  hhds. 
By  Balance,  for  40  hhds.   at  r850. 
for  lOOlihds. 


5.  By  Profit  and  Loss  for  the  excess  of 
the  Dr.  above  the  Cr.  side;  (i.  e.) 
when  all  is  sold  with  a  loss. 

6.  With  Balance  and  a  double  Profit 
and  Loss.  This  way  shows  you 
sold  your  brandy  with  a  loss  ;  but, 
upon  examining  your  cellar,  you 
found  a  small  quantity  unsold,  then 
close  the  account — 1.  By  Balance 
for  the  value  of  the  Brandy  found 
— 2.  By  Profit  and  Loss,  for  the 
loss  on  what  was  sold — 3  To  Pro 
fit  and  Loss,  for  the  gain  attending 
the  quantity  found  when  sold. 

With  a  double  Profit  and  Loss.  Thi^ 
happens  thus :  suppose  you  sold 
some  of  your  brandy  on  account, 
and  charged  the  buyer  in  your 
books  ;  in  a  few  days  this  man 
failed,  and  you  was  closing  your 
books  ;  close  the  account — 1.  By 
Profit  and  Loss,  for  what  this  man 
owed  you.  The  gain  that  attendi^d 
the  total  sales  was  more  than  the 
loss  sustained,  then  close  it — 2.  To 
Profit  and  Loss,  for  that  gain. 


00 
00 
00 


L 


!^8 


[19] 


Lottery  Tickets^ 


Dr. 


i8ir 

Ftb. 


Feb, 


T(i  Cash, 


Adv.  from  Jamaica,  Dr. 

(n  Co.  with  G.  Qiiinton  4-  J  Vallens.) 


To  Sundries,  for  the  first  cost,  inchi- 

ding  Insurance, 
To  Cash  paid  charges, 
To  Sundries,  for  closing  the  account, 


Note — When  you  are  informed  by  your 
correspondent,  or  Factor,  that  the 
goods  were  shipped  on  your  ac- 
count, and  by  your  order,  you  must 
credit  him  for  the  their  value,  and 
charge  the  Adventure  for  the  same  ; 
for,  whether  the  goods  arrive  safe 
or  not,  you  become  accountable  for 
the  amount  shipped,  as  it  was  done 
in  conformity  to  your  orders. 

This  account  is  closed  from  the  Day 
Book,  which  is  by  far  the  most 
simple  method,  by  crediting  it  for 
the  sales,  and  debiting  it  for, the 
difiference  of  its  sides,  which  closes 
it.  This  difiference  includes  the 
manager's  commission,  his  and 
each  partner's  gain. 

The  gain  is  ascertained  in  the  Day  Book, 
and  each  partner's  share  posted 
from  hence  to  the  credit  of  his  ac- 
count. 


37 


259 


Contra 


[13J 


By  James  Yielding, 


I .  If  the  books  are  closing  before  any  of 
the  goods  are  sold,  clase  the  adven- 
ture— By  Balance  for  amount  of 
the  Dr.  side. 

If  a  part  is  sold,  a  part  unsold,  and  a  gain 
on  the  part  sold — By  Baiance,  and 
—To  sundries,  (i.  e  )  By  Balance  for 
what  is  unsold,  valued  at  prime 
cost, — To  each  partner  for  his  share 
of  the  gain,  and— To  Profit  and  Loss 
for  your  share  of  the  gain — Next, 
Credit  each  partner's  account — By 
Adventure  from  Jamaica,  for  his 
share  of  the  gain,  and  Credit  Profit 
and  Loss  for  your  share. 

3.  Part  sold,  part  unsold,  and  a  loss  on 
the  part  sold,  close  the  account — 
By  Balance  for  the  quantity  unsold, 
valued  at  first  cost — By  each  part- 
ner for  his  share  of  the  loss.  Next, 
debit  each  partner's  account — To 
Adventure  from  Jamaica,  for  his 
share  of  the  loss,  and  Profit  and 
Loss  for  your  share. 

4.  All  sold  with  a  gain,  debit  the  Ad- 
venture— To  each  partner's  acct. 
for  his  share  of  the  gain,  and — To 
Profit  and  Loss  for  your  share. 

All  sold  with  a  loss,  credit  the  Adven- 
ture— By  each  partner's  account, 
for  his  share  of  the  loss,  and — By 
Profit  and  Loss,  for  your  loss. 


'260 


i-Oj 


William  Roberts^ 


Dr. 


Feb 


Feb 


Feb. 


To  Balance, 


Cli  (tries  Cli  a nibers, 


Dr. 


f  o  Sundries, 


14 


Feb. 


Feb. 


Admnture  to  Glasgow^  Dr, 

(In  Co  with  Daniel  Alice  and  John  Thorn.) 


To  Sundries, 

Note.  Tiiis  account,  as  also  that  of  each 
partner  is  closed  before  the  fate  of 
the  adventure  was  known,  in  con- 
secjuence  of  the  gen<'!al  Balance  of 
the  Books. 


DP 


1  i770 


3« 


\b 


1)69 


SO 


17 


1800 


00 


28 


2'^! 


Datiiel  Allee, 


Dr 


To   Adventure  to  Glasgow  for   hih 
share. 


John  Tliorne^ 


Dr. 


To  Adventure  to   Glui?^ow   for  his 
share, 


500 


00 


600 


UO 


261 


Contra, 


Or. 


[•20] 


i8ir. 

Feb. 


Feb. 


Feb. 


Feb. 


Feb 


9;> 


14 


1  i 


By  Adventure  from  Jamaica 
By  salf  s  per  the  Neptune, 
By  sales  per  the  Mercury, 

1 

ConUa^ 

Cr. 

By  Balance, 

€o7itra^ 

o..\ 

By  Balance  for  my  shnre  remaining, 
By  Daniel  Allec,  for  ditto,    ditto, 
By  John  Thorn,  for  ditto,    ditto, 

Contra^ 

Cr. 

By  Adventure  to 

Glasgow, 

Contra^ 

Cr. 

By  Adventure  to 

Glasgow, 

dp! 
20 


17 


:oooo 
20:iii 
ir.32 


1169 


700 
600 
tiOO 

1800 


300 


600 


00 

9 

38 


80 


00 
00 
00 

00 


00 


00 


[21] 


262 


Profit  and  LosSy 


Dr. 


IS17 

Feb. 


eb, 


Feb. 


Feb. 


25 


'27 


T:.  Cash  paid  Taxes, 

Co  Ship  Mary, 

To  House  Expenses, 

To  Lottery  I'ickeis, 

To  Stock  for  my  nett  gain, 


Note.  This  is  an  imapnary  or  fictitious 
account  and  subservient  to  Stocli, 
It  contains  on  the  Cr.  side  all  your 
gain,  and  on  the  Dr.  side  ail  your 
losses. 

This  account  is  partly  '  omposed  of 
matters  that  happen  while  the  Books 
are  open  ;  for  example,  legacies,  or 
other  bounties  are  entered  on  the 
Cr  side,  good?  consumed  for  my 
own  use,  or  otherwise  destroyed  on 
the  Dr.  side — 

The  rest  of  the  articles  are,  those  of  gain 
or  loss,  arising  from  the  Balances 
ordifferencesofthe  Accounts  which 
are  closed.  To  or  By  Profit  and 
Los,  and  placed  each  on  their  pro 
per  side — 


23 


Adventure  to  Barbadoes,         D?'. 

(In  Co.  Willi  Wm.  Thompson— my  half.) 


To   Sundries  for  my  half  goods  per 
Sarah, 


22 


William  Thompson^ 


Dr. 


lo  Suruiries  tor  hall  goods  per  thi 
Sarah, 


Thomas  ShaWy 


D 


To  Sundries, 


23 


200 

3 

370 

11 

59i0 

()503 


00 
15 
06 
00 
51 

12 


1572 


157'> 


2241 


66 


66 


40 


Contra^ 


1817. 

Feb. 


Feb. 


Feb, 


Feb. 


•J63 


•20|By  Thomas  Winter,         gained, 
24 1  Hy  Adven.  from  Jamaica,     „ 
28  By  Farm  in  Jersey,  „ 

Ky  Comndssion,  „ 

Hy  Interest,  „ 

By  Brandy,  J, 


Di-fferent  ivni/s  of  closing  this  account. 

1.  To  Stock,  for  the  excess  of  the  Cr. 

above  the  Dr.  side,  which  is  your 
nett  gain  on  trade,  or  what  you 
have  gained,  from  opening  until 
closing  the  Books.  This  difference 
must  be  placed  on  the  Cr.  side  of 
Stock,  to  close  it,  as  in  the  present 
case. 

2.  By  stock  for  my  loss  on  trade  when 

the  Dr.  exceeds  the  Cr.  'ide,  which 
difiference  must  be  carried  to  the 
Dr  side  of  Stock  to  close  that  ac- 
count. 


Cr. 


[21  J 


28 


28 


28 


Contra^ 

.Cr, 

By  Balance,  remaining, 

Contra, 

Cr. 

By  Balance  due  of  him, 

Contra, 

Cr. 

By  Balance  due, 


500 
ii06 
300 

2149 
•256 

2490 


6.501 


1572 


00 
^4 
00 
47 
21 
00 

32 


66 


1572 


2241 


66 


40 


[22 


•264 


Balance, 


Df, 


1817. 
Feb 


To  Cash,  for  ready  money  in  hands, 
„    Funded  Property, 
„    House  in  Broad  Street, 
„    Ship  Mary,  for  her  value, 
„    Household  Furniture, 
„    Merchandize  remaining, 
„    Farm  in  Jersey, 
„    Debentures, 
„    Bills  Receivable,  for  Amt.  Bills  due 

to  me, 
„    Francis  Beal,        due  of  him, 
„    Charles  Pitfield,  „ 

„    William  Blount,  „ 

„    James  Parsons,  „ 

„  Thomas  Harrison,  „ 
„  Edward  Franklin,  „ 
„    John  Blackwood,       „ 

Taylor  and  Co.  ,, 

Thomas  Winter,         „ 

Voyage  to  Barbadoes,  remaining, 

John  Collins,         due  of  him, 

Gibson  and  Carr,        „ 

William  Chulmley,     „ 

James  Yielding,  „ 

„    John  Vallens,  „ 

„  Georj2;e  Quinton,  „ 
„    John  Nash,  „ 

„    Brandy   for  40  hhds.   at  7850.    for 

100  hhds. 
„    Charles  Chambers,     due  of  him, 
„    Adventure  to  Glasgow  for  my  share 

remaining. 
Adventure  to  Barbadoes, 
William  Thompson,  due  of  him, 
„    Thomas  Shaw,  „ 


Note. — This  is  an  imaginary  or  fictitious  account,  s<iK 
servient  to  stock ;  for  the  Books  can  he  clo^ttl 
without  either  this  or  Profit  and  Lot's  heinp:  oj^enrd 
It  contain:"  on  tlie  Dr.  sido,  all  the  nuerial?, 
whether  money,  effect?  or  debts,  which  compose" 
the  mercliant's  property,  and,  on  the  Cr.  side,  all 
the  debts  due  of  him,  together  with  t!)e  amo'int  of 
the  Dr.  side  of  all  the  acconnfs  that  are  closed  with 
a  do  bleBalani-e. 

Every  Account  in  the  Ledger  that  i?  closed — By 
lance,  has  that  B  ilance  or  difference  placed  on  the 
Dr.  side  of  this  accoimt,   mentionine  the  person's 
name,  if  it  he  a  person  dl  account,  to  whom  Balance 
is  made  Dr.  for  the  sum  dne  tT>  von. 


iLF 

2 

21752 

j» 

5925 

3 

15167 

»» 

4000 

4 

2096 

5J 

14398 

5 

6000 

)j 

1746 

6 

9614 

7 

1148 

}j 

248 

8 

2081 

» 

1567 

»» 

540 

?) 

156 

9 

1296 

?> 

173 

10 

4942 

12 

4282 

14 

1534 

» 

1400 

15 

196 

)j 

16117 

16 

309 

17 

486 

M 

394 

18 

3140 

20 

1169 

J 

700 

21 

1572 

»} 

1572 

5) 

2241 

127971 

71 

00 
00 
00 
25 
16 
00 
25 

39 
75 
00 
26 
00 
00 
61 
00 
75 
00 
56 
70 
00 
97 
26 
29 
90 
85 

00 
80 

00 
66 
66 
40 

18 


•i6/> 


Contra, 


By  Warren  &  Sniith,      due  to  them, 

B)  Newman  &  Co.  „ 

By  Horije  &  Jones,  „ 

By  Wlliani  V  ncent,      due  to  him, 

B\  S  muei  Harris,  „ 

':Jy  TilfsmasiVr  rris,  „ 

By  Bills  Payable,  for  amt.  Bills   due 

of  me, 
By  Globe  Insurance,  due  to  them, 
By  Samuel  Lightfoot,     due  to  him 
By  VViliiam  Martin  „ 

B>  William  Ford, 
By  William  Roberts,  „ 

By  Stock  for  the  net  of  my  Estate, 


But  if  it  be  a  real  Account,  to  whom  Balance  13  made 
Di'.  then  yoii  must  insert  thnqti  tntity  and  q  lality 
of  these  arlicles,  together  with  the  price  per  yard, 
hundred,  lb,  ^c.  they  stand  you  in,  that  you  ni:iy 
be  the  better  enabled  to  ojien  your  next  Book?, 
which  mist  be  ilways  done fiom  the  fonner  Ba- 
lance Sheet. 

Every  \<  coinit  th  it  is  closed,  (To  Balance^)  hv  tliat 
difference  placed  on  the  Credit  side. 

If  you  keep  a  General  Account  of  Merchamlize,  as  in 
the  present  case,  then  Bal.ince  is  made  Dr.  to  Mer- 
chandize fo  the  whole  amount  of  your  reil  pro- 
perty, in  jioods  unsold. 

The  rmnntr  of  closing  this  Account. 

1.  By  Stock  for  the  n«*tof  my  Estate,  or  property, 
which  is  always  as  much  as  the  Dr.  exceeds  the 
Cr  side  of  Balance.  This  difference  is  placed  .m 
the  Dr.  side  of  Stock,  to  close  that  account,  as  in 
the  pre:5ent  instance. 
To  Stock  for  my  insolvency.  That  happens  when 
the  Ci.  side  f  Balance  e  ce»ds  the  Dr.  .side  ;  for 
then  ray  debts  exceed  my  projiei  ty.  This  Balance, 
or  difference,  is  placed  on  the  Credit  side  of  Stock, 
to  close  that  account  :  thus, 


By  Balance  for  my  Insolvency,  say 

The  manner  of  Journal  Closing  it. 

I   Stock  Dr    to  Balance,  for  my  net  Estate. 
2.  Balance  Dr.  to  Stock,  for  my  insolvency. 


I  \ 


Cr. 

1480 
678 

9656 

56 

450 

1498 

8358 

r9i 

4300 

2761 

1010 

1  770 

83160 


[22] 


1279ri 


20000 


00 
00 
50 
00 
00 
00 

50 
9 
00 
95 
00 
;?8 
76 


IB 


00 


M  ra 


'2m 

Neil -York,  March  2,  18  IT 


An  Inventory  of  my  whole  Estate  or  Property,  con- 
sisting; of  money,  goods,  and  debts,  owing  to 
and  by  me,  A  B.  transferred  from  the  Balance 
Account  of  Ledger  No.  3. 

I  have  in  ready  money. 

Funded  Property  in  the  Bank  of  the  United  States, 

House  in  Broad  street,  worth 

Ship  Mary,  for  her  value, 

Household  Furniture, 

Merchandize,  r<*maining  unsold, 

Farm  in  Jersey, 

Debentures,  for  Balance  due  to  me  at  the  Custom 
House, 

Bills  Receivable,  for  the  following  Bills  in  hand,  as 
per  former  Bill  Book  : 

No.    1.  On  James  Carr,        due  March  0 


4.  On  George  Grey, 

5.  On  William  Burwell, 
6  On  William  Cornell, 

7.  On  John  Day, 

8.  On  Charles  Holt, 
J).  Oil  George  Wells, 

10.  On  Thomas  White, 

1 1  On  William  Perry, 

12  On  William  Smith, 
13.  On  James  Bland, 


28. 

28. 

28. 

6. 

10. 

20. 

22. 

23. 

April  20. 
20. 


400.00 
650.25 
750.75 
814.50 
750.00 
967.00 
422. 1 1 
1625.08 
1534.70 
800.00 
900.00 


Francis  Beal, 

Charles  Pitiield, 

William  Blount, 

James  Parsons, 

Thomas  Harrison, 

E<lvvard  Franklin, 

John  Blackwood, 

Taylor  and  Co. 

Thomas  Winter, 

Voyage  to  Barbadoe 

John  Collins,  due  of  him, 

Gibson  and  Carr,         do. 

William  Chulmley,     do. 

James  Yielding,  do. 

John  Vallens,  do. 

George  Quinton,         do. 

Amount  carried  forward, 


due  of  him, 

do. 

do. 

do. 

do. 

do. 

do. 

do. 

do. 
s,  remaining. 


Sc. 


w-Yort,  March  '2,   ]«]?. 


ilmount  brought  forward, 
John  Nash,  due  of  him, 
Brandy,  for  40  Jihds.  at  7850.  for  100  hhds. 
Charles  Chambers,  Stockholm, 
Adventure  to  Glasgow,  for  my  share  remaininc 
Adventure  to  Barbadoes,         .,  „ 

VV^illiam  Thompson, 
Thomas  Shaw, 


I  owe  as  follows,  viv:. 
Warren  &  Smith, 
Newman  &:  Co. 
Home  &,  Jones, 
William  Vincent, 
Samuel  Harris, 
Thomas  Morris, 

Bills  Payable,  for  my  acceptances  unpaid 
former  Bill  Book  : 
No.  Drawn  by, 

4.     Samuel  Lightfoot,  due  March  27,  for 

6.  Taylor  &l  Co.  3, 

7.  Do.         do.  S, 

8.  John  Nash,  '   10, 

9.  Do.  10, 
iO.  Do.  10, 
n.         Do.  10, 

12.  William  Martin,  17, 

13.  Do.  f  17, 

14.  Gibson  kCarr,  21, 


as  per 


117179  81 
394  85 

3140  00 

1169 
700 

1572 

1572 

2241 


127971 


900.00 
567.75 
456.00 
300.00 
700.00 
900.00 
684.75 
1200.00 
1350.00 
800.00 


Globe  Insurance, 
Samuel  Lightfoot, 
William  Martin, 
William  Ford, 
William  Roberts, 


Gross  amount  of  my  property,  127971.18 

Amount  of  debts  due  of  me,  44810.42 

Net  of  my  estate,  or  what  I  am  worth  after  paying 
?nv  debts. 


1480 
078 

9656 

56 

450 

1498 


8358 
791 
4300 
2761 
1010 
13770 

44810 


80 
00 
66 
66 
40 


00 
00 
50 
00 
00 
00 


83160 


50 
9 
00 
95 
00 
38 

42 


76 


268 

New- York,  March  2,  liilT 


Sundries  Dr.  to  Stock  : 

For  amount  of  property  belong;ing  to  me,  as  per  Dr. 

side  of  Balance  Ledger,  No.  3. 

Cash,  for  balance  in  hand. 

21762 

71 

Funded  property  in  the  U.  S.  Bank, 

5925 

00 

House  Broad-8treet, 

15!67 

00 

Ship  Mary, 

4000 

00 

Household  Furniture, 

2096 

25 

Merchandize, 

14398 

16 

Farm  in  Jersey, 

6000 

00 

Debentures, 

1746 

25 

Bills  Receivable, 

9614 

39 

Francis  Bt..l         owes  me 

1148 

75 

Charles  Pitfield           „ 

248 

00 

William  Blount 

2081 

26 

James  Parsons            „ 

1567 

00 

Thomas  Harrison       „ 

540 

00 

Edward  Franklin        ., 

156 

61 

John  Blackwood        „ 

1296 

00 

Taylor  &  Co.             „ 

173 

75 

Thomas  Winter,         „ 

4942 

00 

Voyage  to  Barbadoes,  remaining;, 

4282 

56 

John  Collins          owes  me 

1534 

70 

Gibson  &  Carr            „ 

1400 

00 

William  Chulmley      „ 

195 

97 

James  Yielding           „ 

16117 

26 

John  Vallens               „ 

309 

29 

George  Quinton          „                                  Jf 
John  Nash.                  „                                 f 

486 

90 

394 

85 

Brandy,  for  40  hhds.  at  7850.  for  100  hHHs. 

3140 

00 

Charles  Chanibers,     do.                 do. 

1169 

80 

Adrenture  to  Glasgow,  for  my  share. 

700 

00 

Adventure  to  Barbadoes,       „ 

1572 

66 

William  Thompson,  for  his  share, 

1572 

66 

Thomas  Shaw,                 „ 

2241 

40 

127971 

18 

169 


Nc?v-Yurk,  March  2,   1817 


Stock  Dr.  To  Sundries, 

For   the  following  Debts  due  of  me,  as  per  Cr. 
side  of  Balance  Ledger  No.  3. 
To  Warren  and  Smith, 
To  Newman  &:  Co. 
To   Home  and  Co. 
To  William  Vincent, 
To  Samuel  Harris, 
To  Thomas  Morris, 
To  Globe  Insurance, 
To  Samuel  Lightfoot, 
To  William  Martin,  Dublin, 
To  William  Ford, 
To  William  Roberts, 
To  Bills  Payable  for  my  Acceptances  unpaid, 


Note.  This  specimen  exhibits  the  manner  of  open- 
ing the  new  set  of  Books  from  the  preceding 
Balance  Account.  Afterwards  follow  the  daily 
transactions  in  trade,  which  are  to  be  inserted 
in  the  Day  Book,  as  they  occur,  similar  to  the 
method  used  in  Day  Book,  No.  3. 


1480 

00 

67.: 

►yo 

9656 

50 

56 

00 

450 

00 

1498 

00 

791 

9 

4300 

00 

2761 

95 

1010 

00 

13770 

38 

8358 

50 

44810 

42 

THE 

MANNER  OF  KEEPING  BOOKS 

IN 


BANKS, 


WITH  THEIR  SEVERAL  USES  IN  PRACTICE 
EXPLAINED. 


The  Books  used  in  Banks  are  generally  the  following ^ 

viz, 

1.  The  Register  Book,  used  by  the  Runner,  wherein  he  en- 
ters all  discounted  Notes  vviih  all  those  lodged  in  the  Bank  for 
collection,  by  which  means  their  several  periods  of  payment 
are  ascertained,  of  which  due  notice  is  given.  These  notes, 
after  entry,  are  delivered  by  him  to  the  third  Teller. 

2.  The  xNote  Book  kept  by  the  third  Teller,  wherein  are 
entered  daily,  such  Notes  as  are  to  be  paid  and  collected  on 
that  day,  is  thus  proved,  viz.  If  the  amount  received  for 
Notts,  that  day,  agrees  with  the  amount  of  Notes  added  in  this 
Book  to  be  paid  on  that  day,  the  third  Teller  is  right,  other- 
wise wrong,  which  may  happen  thus  :  1.  An  error  may  hap- 
pen in  adding  the  Notes.  2.  Some  of  them  might  be  entered 
over  or  under  their  value.  3.  An  error  may  happen  in  pay- 
ing over  or  under  their  value. 

3.  The  Deposit  Book,  wherein  the  second  Teller  Credits 
all  persons  for  tht  several  sunis  deposited  by  them  in  the  Bank, 
and  is  thus  proved,  viz.  If  the  amount  of  Cash  received  by 
him  for  the  day,  agrees  with  the  Amount  of  Deposits  entered 
by  him  in  the  Deposit  Book  for  the  same  day,  all  is  right, 
otherwise  wrong,  wtiich  may  happen  thus :  1.  An  error  may 
happen  in  adding  the  money  columns  of  the  Deposit  Rook.  2. 
By  entire  omission  of  a  Deposit.  3.  By  entering  the  sums 
over  or  under  their  value.  4.  By  entering  a  Deposit  twice. 

This  Book  is  orpened  daily  with  a  top  line  inserting  the 
name  of  the  place  where  the  Bank  is  established,  with  the 
month,  day  and  year,  and  afterwards  making  this  entry,  viz. 
Cash  Dr.  To  Sundries,  and  then  every  person's  name  is  entered 
ill  succession  with  the  sum  deposited  by  him  opposite  the 
same. 


It  contains,  besides  a  space  for  entering  the  names  of  the 
several  Depositers,  five  money  columns,  viz.  One  for  the  De- 
posit, and  one  for  each  of  the  four  Book-keepers,  according 
to  the  letter  of  the  alphabet  which  he  keeps,  of  which  I  .-hail 
say  more  hereafuT.  Euch  Book-keeper  rt  movtsfrvmi  the  deposit 
colunms  into  his  colu.nns,  such  deposits  as  l^^lorig  to  his  letters 
previous  to  his  posting  them  to  the  C  «.*  'it  ^f  siic'.i  ace  »unts  in 
the  Ledger,  as  are  in  his  charge.  This  is  clone  t;j  avviid  con- 
fusion and  error  from  so  many  posting  from  one  column. 

FORM  OF  THE  DEPOSIT  BOOK. 

New-York,  Nov,  25,  1817. 

Cash  Dr.   To  Sundries. 


Nathan  Allen, 
.John  Barnes, 
Samel  Garland, 
.Tames  Humpries, 
William  Noble, 
Francis  Anson, 
William  Tedball, 
Arthur  Oakley, 
Robert  Uxley, 
Thomas  Gibbons, 
William  Laytoii, 


67.5 

75 

676 

7.i 

1000 

0> 

1000 

00 

5(ro 

00 

500 

00 

1000 

00 

1000 

00 

600 

00 

, 

.',74 

75 

574 

5 

400 

00 

3475 

00 

795 

•25 

1000 

00 

1000 

00 

084 

50 

684 

50 

10705 

25' 

600 
3475 


0') 


400 
795 


00 
25 


4.  The  statement  account,  in  which  (he  first  Teller  enters 
all  the  money  in  the  Bank,  viz.  Specie,  Bullion,  and  Bank 
Notes.  The  Money  received  by  the  second  and  third  Tellers 
on  the  preceeding  day  is  delivered,  on  the  following  morn- 
ing, to  the  first  teller,  which  he  enters  in  this  account  or  book, 
to  meet  such  drafts  or  checks,  as  are  daily  drawn  in  the  Bank. 
If  the  amount  of  Checks,  drawn  that  day,  agrees  with  the 
amount  of  money  in  the  drawer,  previous  to  the  opening  of 
the  Bank,  adding  thereto  what  money  remains  aftjsr  it  closes, 
the  first  teller  is  right,  otherwise  wrong  :  1.  An  Error  may 
happen  in  adding  the  columns  of  check  lists,  by  the  Chrck 
Clerks.  2.  By  their  omitting  to  enter  some  check  or  checks. 
3.  By  entering  some  checks  over  or  under  their  value.  4.  In 
adding  the  colunns  of  the  statem.mt  account,  and  some 
other  omission  therein.  5.  By  paying  some  person  over 
what  was  just. 

5.  The  Check  Lists  kept  by  the  Check  Clerks,  who  enter 
in  them  the  amount,  in  figures,  of  each  check,  so  as  to  enable 


the  first  Teller  to  ascertain  the  sum  total,  paid  by  him  that  day. 
The  name  of  every  person,  with  the  amount  of  Checks  drawn 
by  him,  is  entered  daily,  by  the  Check  Cierks,  in  the  several 
Cish  B  jokf?,  belonsfing  to  the  Book-keepers,  according  to  their 
Letters,  so  as  to  enable  them  to  d.bit  each  drawer  for  the  sum 
paid  him. 

6.  The  'jffering  Hooks,  kept  hy  the  Disc  )unt  Clerks,  where 
the  several  notes  lodged  in  the  Bank  for  Discount  are  enter- 
ed, on  the  day  previous  to  the  meeting  of  the  Directors,  for 
discounting.  Such  notes  as  are  discounted,  or  accepted,  have 
the  letter  (a)  annexed  to  them  ;  such  as  are  not  discounted, 
or  rejected,  have  the  letter  (r)  annexed.  The  first  Discount 
Clerk  keeps  a  book,  in  Ledger  form,  wherein  are  entered  the 
names  of  such  persons  as  have  notes  discounted  for  them,  with 
their  several  amounts.  This  book  is  always  laid  before  the 
Directors,  at  their  meeting,  for  inspection,  and  by  it  are  gene- 
rally governed  in  apportioning  discounts  between  the  several 
applicants. 

7.  There  are  generally  four  Book-keepers  intheBmk, 
each  of  whom  has  the  charge  of  a  Ledger,  and  who  are  de- 
nominated the  first,  second,  third  and  fourth  Book-keepers. 
The  letters  of  the  alphabet  are  divided  into  four  parts,  to 
each  Book-keeper  belongs  so  many  letters,  that  is,  ^»ll  the  sur- 
names of  those  persons  th^t  be^in  with  A.  B.  C  D.  E  F.  and 
do  business,  or  keep  accounts  in  the  Bank,  are  in  charge  of 
one  Book-keeper  ;  th'^t  is,  he  credits  them  in  his  Ledger,  for 
their  Discounts,  Deposits,  and  Notes  collected,  and  debits 
them  for  their  Drafts  or  Checks  on  the  Bank.  And  so  of  the 
other  Book-keepers,  according  to  their  letters.  All  accounts 
in  these  Ledgers,  being  personal,  are  closed  To  or  By  Ba- 
lance. 

Every  6  months  they  prove  their  books  by  a  Trial  Balance  ; 
that  is,  by  adding  the  Dr.  and  Cr.  sides  of  their  LiCdgers,  if  the 
amount  of  both  sides  be  equal,  all  is  supp  >sed  risjht,  if  not,  er- 
roneous, and  iUst  be  minutely  examined  until  the  error  is 
found.     The  Tellers  must  prove  their  books  every  day. 

♦ 
The  Books  kept  by  the  Cashier^  arey 

1.  The  Journal,  or  Day  Book;  it  begins  by  debiting  a 
committee,  or  some  other  person  appunted  by  the  Board  of 
I^irectors,  viz.  To  the  President  and  Directors,  for  receiving 
the  first  instalment,  of  so  many  dollars  and  cents. 

Next,  the  committee  is  credited  for  the  whole,  or  any  part 
refunded  by  them,  of  said  instalment,  and  the  President  and 

Nn 


274 

Directors  debited  for  the  game :  or  if  any  other  committee  be 
appointed  to  purchase  property  for  the  company,  as  a  Bank, 
&c.  the  former  committee  is  credited,  if  they  advance  money 
for  the  same,  and  the  latter  debited. 

After  the  committee  have  received  the  several  instalments, 
and  p,iid  tlie  same  to  the  President  and  Directors,  which  do- 
S'.'S  the  account,  the  next  entry  in  tins  Bdok  is  that  of  Expen- 
ses, in  which  the  salaries  of  thr  Presidein*:  and  Cashier,  the 
wages  of  the  Clerks,  &c.  are  entered,  in  the  following  man- 
ner, viz. 
Nnvnnherl,  1817. 


Expenses  Dr.  to  Sitndries : 
To  M.  D.  President,  for  6  month's  salary, 
K   D.  Cashier,*  do. 

T.  L.  first  Teller,  do. 

I.  S.  second     do.  do. 

R.  L.  third       do.  do.      • 

R.  S.  first  Book-keeper,     do. 
'J\  T.  second     do.  do. 

L.  B  third         do.  do. 

D.  P.  fourth      do.  do. 


1500  00 
125000 
TOO  00 
500|00 
400,00 
50000 
iOOiOO 
400  00 
400  lOO 


The  entry  respecting  all  expenses  is  made  in  this  Book,  in 
the  above  manner,  by  the  Cashier,  every  six  months,  when  a 
dividend  is  declared  by  the  Board  of  Directors.  This  account 
is  closed — By  Profit  and  I.oss — and  taken  from  the  dividend, 
or  surplus  fund.  Suppose  the  Stockholder's  dividend,  or  pro- 
fits, by  discounting  for  the  last  six  months,  to  be  TOCOO.  and 
that  60000.  of  this  sum  is  required  to  pay  said  dividend,  or  2.50 
on  each  share  of  50.  the  remaining  10000.  is  the  surplus  fund, 
out  of  which  all  expenses  are  taken  for  that  time  ;  and  when 
this  fund,  after  deducting  the  semi-annual  expenses,  increases 
to  60000.  a  further  dividend  is  declared  by  the  Board,  in  be- 
half of  the  Stockholders,  and  paid  to  them,  or  their  respective 
attorneys. 

2.  The  Transfer  Book,  which  is  always  opened  for  trans- 
ferring Stock,  is  closed  some  days  previous  to  the  dividend 
being  declared,  and  until  opened  again,  no  transfer  can  be 
made.  The  form  of  transferring  is  printed  in  this  Book,  and 
the  blanks  filled  up  by  the"  Cashier,  with  the  names  of  the  par- 
ties, and  the  number  of  shares  transferred  or  sold,  to  which 
the  seller  affixes  his  signature  to  the  right,  and  the  purchaser 
to  the  left  hand. 

D.  L. 

Jcceptecl. 
A.  B. 


127^ 


5.  The  Statement  Book,  which  is  laid,  by  the  Cashier,  be- 
fore the  Directors,  when  they  meet,  which  is  twice  every 
week,  in  order  to  discount  the  notes  offered,  and  ascertain  the 
state  of  the  funds  from  this  Book. 

4.  The  Stock  Ledger,  wherein  every  Stockholder's  ac- 
count is  opened,  and  credited  for  his  shares  of  stock,  and  de- 
bited for  his  transfers.  , 

Form  of  the  Statement  Book, 


Bills  and  Notes  discounted, 
Specie  in.  vaults, 
Notes  of  other  Banks, 
Banking  House, 
Expenses  paid. 


Drs, 


1550545.76 

205789.82 

569(6.00 

30000  00 

770.18 

1843621.76 


Capital  Stock, 
Notes  in  circulation, 
Discounts  received. 
Surplus  fund, 
Deposits, 


-Crs, 


1200000.00 
405520.00 

.  42792.64 

21740.98 

173568.14 

1843621.76 


The  whole  of  the  above  statement  generally  varies,  except 
the  value  of  the  Banking  House  and  Capital,  which  is  always 
fixed,  if  not  increased  or  diminished  by  an  act  of  the  Legisla- 
ture. 

It  is  evident,  from  the  above  statement,  as  far  as  respects 
the  property  of  the  Stockholders,  with  the  Directors,  that 
their  debits  and  credits  must  always  be  equal ;  that  is — 1.  The 
Directors  debit  the  Stockholders  with  the  amount  of  Bills  and 
Notes  discounted  since  the  establishment  of  the  Bank.  2. 
With  the  Specie  in  vaults  at  the  time  this  statement  was  laid 
before  them.  3,  With  the  Notes  of  other  Banks  whicli  they 
accepted  as  deposits,  and  are  yet  unredeemed.  4,  With  the 
Banking  House,  at  prime  cost. 

5.  With  Sundry  contingent  expences  paid  since  last  divi- 
dend. They  Credit  them  at  the  same  time,  1.  With  the  Capi- 
tal Stock.  2.  With  the  Notes  in  circulation  issued  by  the 
Bank.    3.  With  the  discounts  received  since  the  last  dividentj 


276 

was  declared.  4.  With  the  amount  of  tlie  surplus  Fund  as  it 
stood  at  that  time.  .'>.  With  the  deposits  received  since  the 
last  meeting  of  the  Directors. 

The  statement  B(»ok  used  by  the  first  Teller  is  the  same  in 
for.n  arid  substance  is  that  fe})t  by  the  Oashier ;  except  in  that 
under  the  direction  of  the  former,  the  particulars  are  specified 
at  large. 

There  is  a  Committee  of  three  Directors  with  the  President, 
appointed  evtry  three  month?,  to  examine  the  Bank  concejns, 
"when  all  the  Specie,  Biink  Notes,  Bullion  and  Foreign  Gold, 
are  counted,  and  a  true  state  of  tlie  whole  laid  before  the 
Board,  at  a  special  m( cing  appointed  for  that  purp(»se. 

The  manner  (»f  ascertaining  the  several  D  vidt  nds.  As  the 
total  number  of  Shares  is  to  the  total  gain  or  Dividend  for 
that  time,  so  is  each  Stockholder's  shares,  to  his  particular  Di- 
vidend to  be  paid  him  at  tht  same  time. 

When  you  have  a  nr,te  discounted  in  the  Bank  all  t^at  is 
done  respecting  it :  the  Book  Kec  per  to  wliose  letter  it  belongs, 
Credits  you  from  the  oflering  Book,  for  the  net  amount  of  the 
Note. 

When  the  Notes  are  deposited  in  the  Bank  for  collection 
there  is  no  eritry  made  respecting  them,  except  by  the  Runner 
and  third  Teller,  until  the  money  is  coll*  cled,  when  the  Book- 
Keeper  to  t\hose  letter  it  bt  h^ngs,  credits  the  Depositer  from 
the  Note  Book,  for  the  amount  of  said  N>»le. 

All  the  Books  in  the  Banks  are  numerically  numbered,  1,  2, 
3,  4,  5,  6,  &c.  and  are  unconnected  with  each  other,  except  as 
far  as  respects  the  Book-keepers,  Tt  Hera  and  Discount  Clerks; 
that  is,  all  persons  who  keep  accounts  in  the  Bank,  are  Credited 
by  the  Book-Keepers  in  their  Ledgers ;  for  their  Discounts, 
taken  from  the  ofTering  Books  kept  by  he  Discount  Clerks  ; 
for  their  Notes  Collected,  taken  from  tht  Note  Book  kept  by 
the  third  Teller ;  for  their  Deposits,  taken  from  the  Deposit 
Book  kept  by  the  second  Teller ;  and  debited  for  their  drafts  or 
checks  which  are  delivered  to  the  Book-Keepers  by  the  first 
Teller,  who  is  the  person  appointed,  with  the  consent  of  the 
Cashier,  to  pay  all  legal  demands  on  the  Bank. 

Practical  Instructions. 

On  opening  the  Stock  Ledger,  if  a  Stock  Account  be  kept, 
make 

L  Stock  Dr.  To  Sundries,  1200000. 

To  each  Stockholder  for  the  total  number  of  shares  subscri- 
bed by  him, 

2.  Sundries  Dr.  To  Stock,  1200000. 


277 

Each  Stockholder  for  the  number  of  shares  subscribed  by 
him. 

Thus  will  the  Stockholders  be  Debited  and  Credited  in  or- 
der to  close  the  Slock  Account  at  opening  the  Books. 

When  Notes  are  discounted  in  the  Bank,  n)ake, 

1.  B  Us  discounted  Dr.  Ti;  Csh,  for  net  amount  paid  by 
the  Ba  k. 

When  the  Notes  are  taken  iip  or  paid, 

2.  Cash  Dr.  to  Bills  discounted  for  amount  of  the  Notes 
paid  to  the  Bank,  or  to  Sundries^  viz. 

To  Bills  Discounted  for  the  sum  paid  by  the  Bank  for  the 
Note  when  first  discounted. 

To  Discount  Account,  if  that  be  opened,  for  the  discount. 

When  the  Bank  puts  money  at  Interest  to  A.  B. 

A.  B.  Dr  to  Cash  loaned  him,  say,  20000. 

When  A.  B.  pays  the  Bank  the  sum  formerly  borrowed 
with  Interest,  Cash  Dr.  to  Sundries,  24200. 

To  A.  B.  for  the  sum  lent  and  now  paid,  20000. 

To  Interest  Acct.  for  3  years  Interest  at  7  per  cent.  4200, 

When  a  transfer  of  shares  is  made,  or  stock  sold, 

Seller  Dr.  to  Buyer  for  amount  of  such  transfer. 

If  a  dissolution  of  the  Bank  takes  place. 

Each  Stockholder  Dr.  to  Cash  for  amount  of  his  shares  re- 
funded. 

In  case  any  Stockholder  forfeits  his  shares  by  the  non-pay- 
ment of  the  remainder,  his  account  must  be  closed,  To  Profit 
and  Loss  for  amount  of  the  shares  paid  by  him,  and  he  is  no 
longer  considered  as  a  Stockholder. 

A.  B.  Dr.  To  Profit  and  Loss  per  Shares  forfeited. 


n 


27% 

New-York,  May  1st.  181 7. 


Sundries  Dr.  to  Stock  in  Company  : 

Wra.  Hewson,  for  6000.  shares,  at 
60.  per  share,  subbcnbed  in  tlie 
Bdfik,  300000. 

John  Carey,  (or  6000  shares  at  60. 
per  share,  siihscribed  by  him 
in  the Bonk.  300000. 

Thomas  Shaw,  for  6000  shares,  at 
50.  per  share,  subscribed  in 
the Bank,  300000. 

Wm.  Hill,  for  6000  shares,  at  50. 
per  share,  subscribed  in  the 
Bank,  300000. 


1.  Credit   Stock  in   Co.   By  Sun- 

dries for  amt.  Capital   *  1200000. 

2.  Debit  Wm.  Hewson,  To  Stock 

in  Cvunpany,  300000. 

3.  D  bit  J.  Carey,  To  ditto,  300(»00 

4.  D(  bit  T.  Shau',  To  ditto,  300000. 

5.  Debit  W.  Hill,  To  ditto,  300000 


Stock  in  Co.  Dr.  To  Sundries; 

To  Wm.  Hewson,  for  6000  shares, 
at  50.  per  share,  subscribed 
in  the Bank,  300000. 

To  John  Carey,  for  6000  shares, 
at   50.  per  share,  subscribed 


in  the 


Bank, 


300000. 


To  Thomas  Shaw,  for  6000  sliares, 
at  50.  per  share,  subscribed 


in  the 


Bank, 


300000. 


To  William  Hill,  for  6000  shares, 
at  50.  per  share,  subscribed 


in  the 


Bank, 


300000. 


1200000 


00. 


1 200000 


00 


279 


New-York,  May  1.  18ir. 


[2] 


Debit  Stock  in  Co.  To  Sundries 
for  amt.  Crxpital,  1200000. 

Credit  Wm.  Hewson,  By  Stock 
in  Co.  300000. 

Credit  J.  Carey,  By  ditto,  300000. 

Credit  T.  Shaw,  Bv  ditto,  30  0  0. 

Credit  VVm.  Hill,  by  ditto,         300000. 
June  6. 


Cash  Dr.  To  Sundries 

To  William 'Hewson,  paid   6000 

shares,  at  60.  per  share,  300000. 

To  John  Carey,  paid  6000  shares, 

at  50.  per  share,  300000. 

To  T.  Shaw,  paid  6GO0   shares  at 

50.  per  share,  300000. 

To  Wm.  Hill,  paid  6000  shares,  at 

50.  per  share,  300000. 


1.  Debit  Cash  To   Sundries,  for 

for  tht  Company's  Capital,  1200000. 

'2.  Credit  Wm.  Hewson,  By  Cash 

paid  6©00  shares,  300000. 

3.  Credit  J.  Carey,  By   do.    do.    300000. 

4.  Credit  T.  Shaw,  By   do.    do.    300000. 

5.  Credit  Wm.  Hill,  By   do.   do.    300000. 
August  3. 


S^vs\.  Hewson  Dr.  To  Thomas  Ashley  : 

For  transfer  of  Stock,  said  Hewson   having 
transferred  to  said  Ashley,  his  share  of 
Stock  in  Company,  6000  shares,   at  50 
per  share, 

1.  DebitWm.  Hewson,  to  T.Ash- 

ley for  transfer    of    Stock, 

6000  shares  at  50.  per  share,  300000. 

2.  Credit  T.  Ashley,  by  W.  Hew- 

son,  for  Stock  transferred  to 

him,  6000  shares,  at  50.  pep  300000. 


1200000 


300000 


00 


00 


V^] 


280 

Nets-Yorjc,  November  1.  181  f 


Cash  Dr.  To  Bills  discounted,  60000.00 

Received  the  last  6    months,  for  Discounts, 
which"  is  the  first  dividend, 

1.  Debit  Cash,  To  Bills  Discount- 

ed, for  first  dividend,  60000. 

2.  Credit   Bills   Discounted,    By 

Cash,  for  first  dividend,  60000. 


Bills  Discounted  Dr.  To  Profit  and  Loss 
For  Amt.  of  first  dividend,  gained  by  disct. 

1.  Debit  Bills  Discounted  To  Pro- 

fit and  Loss,  60000 

2.  Credit  Profit  and  Loss,  By  Bills 

Discounted,  60000. 


Profit  and  Loss  Dr.  To  Sundries  : 

To  J.  Carey,  for  his  first  dividend,  15000. 
To  Thoc,  Shaw,  for  ditto,         15000. 

To  Wm.  Hill,  for  ditto,         15000. 

To  Thomas  Ashley,  for    ditto,         15000. 


1 .  Debit  Profit  and  Loss,  To  Sun- 

dries, or  to  each  Stockholder 

for  his  dividend,  60000. 

2.  Credit  J.  Carey,  By  Profit  and 

Loss,  for  dividend,  15000. 

3.  Credit  T.  Shaw,  By  ditto,  ditto,  15000. 
1.  Credit  W.  Hill,  Bv  ditto,  ditto,  15000. 
5.  Credit  T.  Ashley,  By     ditto,        150CO. 


60000 


60000 


00 


00 


60000 


00 


281 


New- York,  November  l,  16lf- 


[SJ 


Sundries  Dr.  to  Cash, 

John  Carey  paid  him  his  first  divi- 
dend, 15000. 

Thomas  Shaw  paid  him  first  divi- 
dend, 15000. 

William  Hill,  paid  him  first  divi- 
dend, 15000. 

Thomas  Ashley  paid,  him  first  di- 
vidend, "  15000. 


1.  Credit  Cash,  By  Sundry  Accts. 
paid  Stockholders  first  divi- 
dend in  full,  60000. 

•2.  Debit  J.  Carey  to  Cash,  paid 

him  first  dividend,  15000. 

3.  Debit  T.  Shaw,  to  ditto,  ditto,     15000. 

4.  Debit  W.  Hall,  to  ditto,  ditto,     15000. 

5.  Debit  T.  Ashley,  to  ditto,  ditto,  15000. 


Balance  Dr.  to  Cash, 

For  Stockholder's  Capital  remaining  in  Bank, 
1.  Debit  Balance,  to  Cash  for  Ca- 
pital remaining,  I'iOOOOO. 
•2.  Credit  Cash,   by  Balance  for 

Capital  remaining,  1200000. 


Sundries  Dr.  to  Balance, 
For  Stockholder's  Capital  remaining  in  Bank, 
John  Carey,  for  6000  shares  re- 


maining, 


300000. 


Thomas  Shaw,  for  6000  shares  do.  300000- 
William  Hill,  for  6000  shares  do.  300000, 
Thos.  Ashley,  for  6000  shares  do.  300000. 


60000 


1200000 


1200000 


00 


00 


Oo 


t4] 


^82 
Ifew-Yorlc^  November  1,  1817. 


1.  Credit  Balance,  by  Sundries 

tor  the  Company's  Capital 
reiuaining  in  Bank,  1200000.- 

Or  by  each   Stockholder  for  his  Stock  re 
maininp  in  Bank. 

2.  Debit  J.  Carey,  to  Balance 

for  Stock  in  Bank,  300000. 

3.  Debit  T.  Shaw,  to  ditto,  ditto,  300000. 

4.  Debit  W.  Hill,  to  ditto,  ditto,     300000. 

5.  Debit  T.  Ashley,  to  ditto,  ditto,  300000. 


End  of  the  Day  Book  or  Journal 


STOCK  LEDGER,  No.  1. 

CAPITAL  1200000. 
NEW-rOMK,  MAY  I,  18ir. 


rij 


'2?,4 


Stock  in  Co, 


Dr. 


1817. 

May  1 


May  1 


To  Sundries  for  capital  advanced, 


NoTK  1.  Slock  is  here  debited  for  tJie  wiiole  capital,  and 
each  Stc>ckliolder  credited  for  the  number  of  shares 
subscribed  by  h:m. 

2.  If  a  stock  account  be  not  opened,  oach  Stockholder 
murt  be  crotlilcd  for  the  number  of  shares  «ib?crib«d 
by  him,  but  th«ir  value  need  not  he  extenied  to  the 
money  column^  until  liic  whole  amount  is  paid  into 
the  Bank  ;  and  so  they  remain  to  his  crefiit  until  he 
sells  or  transfers  thrni,  when  he  is  debited  for  the 
number  of  shares  transferred,  and  the  purchaser  credi- 
ted in  the  Ledger  for  the  same. 


William  Hewson^ 


D^ 


To  Stock  in  Co.  for  GOOO  shares,  at  50. 
per  share, 


Aug.  1   To  Thomas  Ashley  for  transfer  of  Stock, 
6000  shares,  at  50.  per  share, 

Note  1.  The  share*  arc  always  transferred  in  tlie  Led^r 
at  their  original  value. 

2.  As  the  Stockholders  generally  advance  by  instalments, 
at  sul)sequent  periods,  their  respective  sljares — upon 
each  payment,  debit  casli— To  Stockholder,  for  the 
sum  then  paid  hy  Itim ;  thus,  .ifter  he  lias  paid  all  his 
shares,  his  stock  will  appear  twice  on  tlie  credit  side  of 
his  account,  viz.  May  1,  and  June  6. 


May  1 
Nov.  1 


John  Carey^ 


Dr, 


To  Stock  in  Co.  for  6000  shares,  at  50 
,  per  share. 

To  Cash  paid  first  Dividend, 

To  Balance  for  Stock  remaining  in  Bank, 


Note  1.  John C»ry  is  debited  and  credited  toand  by  Stock, 
on  May  1,  in  o.der  to  close  the  stock  account. 

2.  He  is  debited,  Nov.  I,  Tn  Cash,  for  dividend  paid  him, 
and— To  B.ilance,  ff»r  his  iStock  remaining  in  the  Bank, 
which  closes  the  account— and  so  are  the  other  Sto.k- 
bolders. 


1200000 


300000 


00 


300000 


300000 


00 


00 


15000 
300000 


315000 


00 

00 
00 

00 


•28J 


Contra, 


Cr. 


in 


1817. 
May  1 


May  1 


June  6 


May  1 

June  6 
Nov.  1 


By  Sundries  for  the  Company's  Capital 
in  Bank, 

3.  Stock  in  Co.  is  credited  for  the  whole  capital,  and  each 
Stockholder  debited  for  t!je  number  of  shares  subscri- 
bed by  liiin  :  thus  AviH  tlie  Stockholders  be  debited  and 
credited,  to  close  the  stock  account  at  opening  the 
books. 


Contra^ 


Or. 


By  Stock,   for  6000  shares,   at  50.  per 
share, 

By  Cash  paid  6000  shares,   at  50.  per 
share. 


3.  It  was  placed  there  to  close  the  stock  adCount,  in  behalf 

of  the  Co.  or  Bank. 

4.  It  was  placed  there  in  order  that  his  stock  may  appear 

visible  in  his  behalf,  and  so  to  remain  until  a  transfer  is 
made  of  it,  or  dissolution  of  the  Bank  takes  place — when 
he  is  debited,  To  Cash  for  stock  refunded. 


Contra^ 


Cr. 


By  Stock  in  Co.  for  6000  shares,  at  50' 
per  share, 

By  Cash,   for  6000  shares,  at  50.  per 

share, 
By  Profit  and  Loss,  for  his  first  dividend. 


3.  He  18  credited  for  his  shares  paid  in  the  Bank,  and — 
By  Profit  and  Loss  for  his  gain,  or  dividend. 


1*200000 


300000 


300000 


300000 


300000 
15000 


315000 


00 


00 


00 


00 


00 
00 

00 


[2] 


286 


Thomas  ShaWy 


Dr. 


1817. 
May  1 


Nov.  1 


To  Stock  in  Co.  for  6000  shares,  at  />0. 
per  share, 

To  Cash  paid  first  dividend, 

To  Balance,  for  Capital  rem'g  in  Bank, 


May  1 
Nov.  1 


June  6 
Nov.  1 


William  Hill 


Dr. 


To  Stock  in  Co.  for  6000  shares,  at  50. 
per  share, 

To  Cash  paid  first  Dividend, 

To  Balance  for  Stock  remaining  in  Bank, 


Cash  in  Co, 


Dt 


To  Sundries,  for  Stockholders'  Capital, 
paid  in  full,  viz.  24000  shares,  at  50. 
per  share. 

To  Bills  Discounted,  received  for  the 
first  dividend, 


Note. — This  Account  is  debited  for  the 
whole  of  the  Stockholders'  Shares,  or 
Capital,  paid  by  them  in  full ;  also,  for 
the  amount  of  the  first  dividend,  receiv- 
ed for  Discounts,  in  the  Bank,  the  last 
six  months.  ■ 


300000 


15000 
300000 


315000 


300000 


15000 
300000 


31^000 


1200000 
60000 


1260000 


00 

00 
00 

00 


00 

00 
00 

00 


00 
00 
00 


287 


Contra, 


1817. 
May  1 


By  Stock,  for  6000   shares,  at  50.  per 
share, 


June  6  By  Cash,  paid  6000  shares,  at  50.  per 
Nov.  1  By  Profit  and  Loss,  for  his  first  dividend 


Mayl 


June  6 
Nov.  1 


Nov.  1 


Contra, 


Cr. 


By  Stock  in  Co.  for  6000  shares,  at  50. 
per  share. 

By  Cash,  paid  6000  shares,  at  50.  per 
By  Profit  and  Loss,  for  first  dividend, 


Contra, 


Cr, 


By  Sundries,  paid  Stockholder's  first  divi 
dend. 

By  Balance  for  Stockholders*  Capital  re- 
remaining  in  Bank, 


Note  2. — The  Account  is  credited  for  amt 
of  the  first  dividend,  paid  to  the  Stock- 
holders, and  By  Balance  for  Capital 
remaining  to  their  credit. 


Cr, 


[2] 


300000  00 


300000 
15000 


315000 


300000 


300000 
15000 


315000 


60000 
1200000 


1260000 


00 
00 

00 


00 

00 
00 

00 


00 
00 
00 


iS7 


a] 


Profit  and  Loss  in  Co. 


Dr. 


i8ir. 

Nov.  1 


To  Jolm  Carey  for  his  first  dividend, 
To  Thomas  Shaw,      ditto,       ditto, 
To  Wiiiiajii  lliil,        ditto,       ditto, 
Tu  Thomas  Ashley,    ditto,       ditto, 


Nov. 


Nov.l 


Nov.  1 


Thomas  Ashley, 


Dr. 


To  Cash  paid  first  dividend. 
To  Balance  for   his  Stock  remaing  in 
Bank, 


Bills  Discounted^ 


Dr. 


To  Profit  and  Loss  gained  by  discounts' 


Balance  in  Co. 


Dr. 


To  Cash  for  Stockholders  Capital  re- 
maining Id  Bank, 


15000 
15000 
15000 
15000 


60000 


00 
00 
00 
00 

00 


15000 
300000 


315000 


60000 


1200000 


00 
00 

00 


00 


00 


•289 


Contra^ 


By  Bills  discounted  gained  thereby, 


Note.  This  account  is  Credited  for  the 
first  dividend  and  Debited  at  the  same 
time  to  each  Stockholder  for  his  share 
of  gain,  which  is  placed  to  his  Credit, 
or  it  might  be  Debited  to  Sundries  for 
amount  of  the  first  dividend. 


Contra, 


Cr. 


By   William    Hewson  for  Transfer   of 

Stock,  6000  Shares  at  50.  per  share, 

By  Profit  and  Loss  for  his  first  dividend. 


Contrttj 


Or. 


By  Cash  received  for  Discounts  last  6 
months. 


Contra^ 


Cr. 


By  John  Qarey  (or  6000  shares  in  Bank, 
By  Thomas  Shaw,        ditto,        ditto, 
By  William  Hill,  ditto,         ditto, 

By  Thomas  Ashley      ditto,   ^    ditto, 


PP 


Cr. 


[3] 


60000 


300000 
15000 


315000 


60000 


300000 
300000 
300000 
300000 


1200000 


00 


00 
00 

00 


00 


00 
00 
00 
00 

00 


2»0 

Thus  1  have  given  a  detail  of  the  several  Books  kept  in  the 
Banks,  with  the  manned  of  using  them  in  practice,  and  particu- 
larly oi  the  Stock  Ledger,  with  the  method  of  opening,  con- 
ducting,*and  closing  it,  if  ever  closed  ;  which  method  will  an- 
swer with  little  variation,  for  any  other  incorporated  body  or 
mercantile  company  ;  but  it  mUst  be  remembered  that  none  of 
thg  Books  are  connected  with  the  Stock  Ledger,  though  I  have 
done  it  in  miniature  in  the  preceding  specimen,  to  shew  the 
learner  that  it  could  be  done,  a  id  to  give  him  a  general  idea  of 
the  whole  ;  for  that  Book  is  uholiy  appropriated  to  the  use  of 
the  Stockholders,  and  nothing  is  entered  in  it,  after  the  several 
instalments  that  compose  the  Bank  Capital,  but  transfers  from 
tht?  Transfer  Book,  not  even  the  dividends ;  for  these  are  enter- 
ed in  a  book  named  the  Dividend  List,  and  numbered,  first,  se- 
cond, third  and  fourth  Dividend,  (1,2,  3,  4,  &lc.)  which  book  is 
divided  into  three  spaces,  or  columns,  wherein  the  Stockhold- 
er's names  are  alphabetically  entered;  the  first  column  for 
their  names,  the  second  for  their  Dividend,  and  the  third  for 
their  signature,  or  receipt ;  and  is  thus  proved,  viz.  If  the 
number  of  Dividends  collectively  added,  be  equal  to  the  total 
of  the  Dividend  declared  by  the  Board  of  Directors  at  that 
time,  the  whole  is  right. 

1.  An  error  might  happen  in  adding  the  dividend  or  money 
columns  of  this  list. 

2.  By  entering  some  dividends  over  or  under  their  value* 

3.  By  the  omission  of  some  dividend. 

Note — The  Stock  Ledger  is  never  closed  except  when  a 
dissolution  of  the  Bank  takes  place,  as  was  the  case  with  the 
United  States'  Bank,  in  the  year  1810,  when  their  Charter  ex- 
pired—and was  not  renewed  until  1816. 


INVOICE  AND  SALES  BOOK, 

Partnership  in  Separate  Books. 


Note. — The  form  of  the  following  Invoice  and  Sales  Book 
precludes  the  necessity  of  taking  stock.  The  several 
Invoices  might  be  numbered  in  the  margin  when  enter- 
ed, and  upon  the  sale  of  goods  after  entering  theamountj 
only,  in  the  Day  Book,  enter  them  in  full  in  a  separate 
bor)k  prepared  tor  that  purpose ;  thus,  when  sold'on  cre- 
dit— A.  B.  Dr.  to  Merchandize,  Invoice  No.  1.  &c.  or 
part  of  Invoice  No.  1.  say  1000.  If  for  ready  money  or 
bills — Cash,  or  Bills  receivable.  Dr.  To  Merchandize, 
1000. 


Collect  these  several  sales  weekly  or  monthly,  from  this  book, 
and  enter  them,  with  their  dates,  in  the  opposite  Sales 
Book,  specifying  the  articles.  Or  they  can  e  bcollected 
from  the  Day  Book,  if  entered  there  in  full,  with  equal 
facility,  by  numbering  the  Invoices  there,  in  the  whole 
or  in  part,  referring  from  thence  to  the  Invoice  Book  for 
the  quantity  purchased,  or  to  the  Sales  Book  for  the  part 
sold.  This  method  is  practicable  when  goods  are  dis- 
posed of  by  packages  or  parts  thereof 


[1] 


292 
Invoices, — First  Cost. 


18ir. 


June30 


New- York,  June  1,  1817. 
Bought  for  ready  money,  25  pieces  Bn^ad 

Cloth,  1000.  yards,  at  4.  per  yd. 
To  Profit  and  Loss,  gained  by  this  Invoice, 


New- York,  June  2,  181  f. 
Received  of  Nicholas  Lowe,  my  partner, 
the  following  goods  towards  his  pro- 
portion of  Stock,  in  Co.  viz. 
90  pes.  Linen,  2250  yds.  at  1.  per  2250.00 
800  pes.  Broad  Checks,  at  15.  per     1500.00 


4000 
600 


4600 


6750 


00 
00 

00 


00 


293 

Sales. 


[1] 


1817. 

June  1 1 

14 
15 


June30 


By  James  Thompson,  delivered /)C5. 

in  bartfr,  at  5.  per  yd.  10 

By  Thus.  Nexen,  at  5.  per  yd.  5 
By   Joseph  May,  consigned  on 

him  o-a.  at  4.  per  yd. 


7/ds, 
400 
200 


10     400 


25  1000 


200( 
1000 

160( 

4600 


E  C  P  L    ^f/ds 

By  Balance  unsold,  at  1 .  pr  yd.        90  2?.r>0 
Ditto,  ditto,  at  15.  per  piece.  300  00  0000 


'2260 
4500 


67  ;0 


00 
00 

00 

00 


00 
00 


00 


x^i 


SS4 

Invoices, — First  Cost, 


lBi7. 


New- York,  Jufte  3,  18 IT. 
Received  of  Thomas  Gilbert,  my  partner, 
the  following  Goods  towards  his  pro- 
portion of  Stock  in  Co«  viz. 

100    pieces    broad    cloth,   4000 

yards,  at  3.  per  yd.  12000.00 

80  pieces  Shalloon  No.  1.   1600 

yards  at  .40  per  yd.  640.00 

60  pieces  ditto.  No.  2.  l.:00yds..52  624.00 
40  ditto     ditto,  No,  3.   SOO*^  yds. 

at  .50  400.00 

90  pieces    Kerseys    at    15.  per 

piece,  1350  00 

320  lb.  Silk  at  7.  per  lb.  2240.00 


JuneSO 


To  Profit  and  Loss  gained  by  this  Invoice, 


Neni-York,  June  4,  1817. 

Joseph  Hopkins,  the  manager,  has  advan- 
ced towards  his  share  of  Stock  in  Co. 
viz. 

Hardware  to  the  Amount  of 


17254 
2716 


19970 


2000 


00 
00 

00 


:295 
Sales. 


(2] 


i8ir 

June  6 


11 


30 


By  William  Johnson  sold  him  at  6  months, 
100  pieces    Broad    Cloih,    4000 

yds.  at  3.50  per  yd.  14000.00 

90  ditto  Kerseys  at  16.  per  piece,    1450.00 
•200  lb.  Silk,  at  ii,  per  lb.  lf>00  00 


By  William  Roberts  Sl'.ipped  on  his  Acct. 
1-20  lb.  Silk,  at  8  per  lb.         •  9ti0..00 

80  pieces  Shalloon,  No.  1.  1600 

yards  at  .60  per  yard.  960.00 


f?y  James  Thompson  delivered  in  Barter, 
60  pieces  Shalloon,  No.    2.  1-00  yds.  at 

.50  per  yard. 
By  Balance  for  40  pieces  Shalloon,  No.  3. 

800  yards  at  .50  per  yard,  remaining, 


By  Voyage  to  Cadiz  per  the  Joseph,  con- 
signed to  Edward  Hall,  to  sell  for  our 
Account,  Hardware  to  the  Atnt.  of 


7050 

1920 

600 
400 


r.970 


12000 


00 

00 

00 
00 
00. 


00 


[3 


296 
Invoices, — First  Cost 


Nfiv.Yorky  Jvne  8,  1817. 
B>  night  of  John  Seaton,   at  :i  months,  40 
hhds.  Tobacco,  at  100.  per  hhd. 


NrW'Yorh,  June  10,  1817. 
Bought  of  John  Seaton,   at  6    months,  60 
pieces  Broad  Cloth,  No.  3,  qnt.  2400 
yards,  at  4.  per  yd. 


4000 


00 


9600 


00 


Ne?v- 1  ork,  June  II,  1817. 
Received  of  James  Thompson,  im  barter, 
the  following  Goods,  viz. 
5  Dozen  China  Tea-pots,   at  40. 

per  dozen,  200.00 

60  Dozen  Cups  and   Saucers,  at 

5.  perdoz.  300.00 

30  Cwt.  Sugar,  at  12.50  per  cwt.     375.00 


875 


00 


i8ir. 

June  8 


June30 


Junel5 


29r 

Sales, 

By  Voyage  to  Cadiz,  per  the  Joseph,  40 
hhds.  Tobacco,  at  100.  perhhd. 

Consigned  to  Edvvaird  Hall,  to  sell  for 
our  account. 


[3] 


By  Balance  remaining  unsold,  60  pieces 
Broad  Cloth,  No.  '3,  2400  yds.  at  4 
per  yd. 


By  Joseph  May,  o-a  Goous,  consij^ned  to 
him  to  sell  for  our  account,  the  oppo- 
site wares  amounting  to 


4000 


00 


9600 


00 


S75 


00 


Qq 


29« 
Partnership  in   Separate  Books. 

liSSTRUCTIONS. 

Case  1, 

When  the  Company  give  in  their  Stocks  at  opening  the  Books. 
Cash  in  Compdny  Dr.  To  Sundries  for  Capital 

advanced,  60000. 

To  N.  L's.  Acct.  in  Co.  for  his  \  share  paid,  20000. 

To  T.  G's.  Acct.  in  Co.  for  his  \  share  paid,  20(^00. 

To  T.  H's   Acct.  in  Co.  for  his  ^  thare  paid.  20000. 

Case  2. 
If  all  the  partners  or  any  of  them  do   not  immediately  pay 
their  share  of  Stock  in  Co.  suppose  T.  G.  does  not  pay 
at  present, 

1.  T.  G.  partner's  Acct.  proper  Dr.  To  Stock  in  Co.     20000. 

2.  Stock  in  Co.  Dr.  to  T.  G's.  Acct.  in  Co.  for  his  share,20000. 

When  T.  G.  pays  his  shar<  of  Stock  or  Capital. 
T.  G's.  Acct.  in  Co.  Dr.  To  T.  G's.  Acct.  proper,         20000. 

Case  13. 
If  any  partner  takes  a  certain  time  to  pay   his  Stock,  for 

which  he  is  charged  Interest, 
T.  G.  partner's  Acct.   proper  Dr.  To  Interest  or 
To  Profit  and  Loss  in  Co.  for  3  months  Inter- 
est at  7.  per  cent  on  20000.  350. 
When  partner  pays  the  Interest, 
Cash  in  Co.  Dr.  To  T.  G's.  Acct.  proper,  350. 
Suppose  1.  M.  pays  the  Interest  for  him, 

1.  Cash  in  Co.  Dr.  To  T.  G's.  Acct.  proper,  350. 

2.  T.  G's.  Acct.  proper  Dr.  to  I.  B's.  Acct.  proper,  350. 

Case  4. 
If  any  partner  sells  his  share  of  Stock  in  Co.  or  any  part 

thereof, 
T.  G.  seller's  Acct.  in  Co.  Dr.  to  C.  D.  buyer's  Acct. 

in  Co.  1 0000. 

T.  G.  has  transferred  to  C.  D.  out  of  his  Stock  in  Co.    10000. 
Or  enter  it  thus,  viz. 

1.  T.  G's.  Act.  in  Co.  Dr.  To  Stock  in  Co.  for  transfer,  10000. 

2.  Stock  in  Co.  Dr.  To  C.  D's.  Acct.  in  Co.  10000. 
If  the  partner  who  transfers,  owes  that  sum,  or  any  part  of  it 

to  the  Company,  upon  the  Company  having  agreed  to 
this  transfer,  make 
C.  D.  new   partner's  Acct.  proper,  Dr.  to  T.  G's. 

Acct.  proper j  10000 


2'99 

Case  5. 

If  the  Company  takes  in  one  or  more  partners  afterwards, ma- 
king, thereby,  an  addition  to  ihfA?  capital, 

Suppose  they  take  into  Company  I.  K.  and  L.  B.  each  with  a 
Capital  or  Stock  of  twgity  thousand  doUars. 

Cash  in  Co.  or  Merchandize  in  Co.  if  that  is  advan- 
ced, Dr.  To  Sundries,  40000. 

To  I.  K's.  Acct.  in  Co.  for  liis  share  advanced,  20000. 

To  L.  B's.  Acct.  in  Co.  for  his  share  advanced,  20000. 

If  they  do  not  pay  the  whole  of  their  Stock  at  the  time  they 
join  the  Company, 

I.  K's.  Acct.  proper  Dr.  to  I.  K's.  Acct.  in  Co.  say,        10000. 

L.  B's-  Acct.  proper  Dr.  to  L.  B's.  Acct.  in  Co.  10000. 

For  deficiency  in  advancing  their  share  of  Stock  in  Company, 

If  they  pay  at  the  same  date  and  time,  the  sums  due  of  them 
to  the  Company, 

Cash  in  Co.  Dr.  To  Sundries,  20000. 

To  I.  K*s.  Acct.  proper,  10000. 

To  L.  B's.  Aoct.  proper,  10000. 

If  they  agree  to  pay  a  premium  for  being  taken  into  partner- 
ship, 

Sundries  Dr.  To  Profit  and  Loss  in  Co.  say,  4000. 

I.  K's.  Acct.  proper  for  premium,  2000. 

L.  B's.  Acct.  proper  for  ditto.  2000. 

When  they  pay  that  premium. 

Cash  in  Co.  Dr.  To  Sundries,  4000. 

To  I.  K's.  Acct.  proper  for  premium  paid  2000. 

To  L.  B's.   ditto,         ditto,       ditto,  2000. 

ir  they  paid  that  premium  when  taken  into  Company, 

Cash  in  Co.  Dr.  To  Profit  and  Loss  in  Co.  4000. 


OF 


PARTNERSHIP 

IN 

SEPARATE   BOOKS. 


DAY  BOOK,  D.  or  No.  4 

THE  PROPERTY  OF  A.  B. 
New- York,  June  1,  1817. 


[1] 


New-York,  June  1,  18ir 


Nicholas  Lowe,   Thomas  Gilbert,  and  Joseph 

Hopkins,  resolving  to  trade  in   Co.   with 

a  fixed  stock  of  sixty  thousand  dollars,  each 

one-third  concerned,  have  put  the  whole 

under  the  direction  of  Joseph  Hopkins,  who 

is  to  be  ailoAved  at  the  rate  of  three  per 

cent,  per  annum,  for  his  commission  on 

the  capital. 

Nicholas  Lowe,  20000.00 

Thomas  Gilbert,  20000.00 

Joseph  Hopkins,  20000  00 


Sundry  Accounts  Dr.  to  Stock  in  Co, 


Nicholas  Lowe, 
Thomas  Gilbert, 
Joseph  Hopkips, 


20000.00 
20000.00 
20000  00 


lincl-riff, 


Stock  in  Co.  Dr.  to  Sundries  : 
To  Nicholas  Lowe's  acct.  in  Co. 
To  Thomas  Gilbert's  acct.  in  Co. 
To  Joseph  Hopkins's  acct.  in  Co. 


^ 


20000.00 
20000  00 
20000.00 


Note  1. — Stock  in  Co.  is  credited  for  the  whole 
capital,  and  each  partner's  account  proper  de- 
bited for  his  share ;  next,  Stock  in  Co.  is  de- 
bited for  the  capital,  and  each  partner's  account 
in  Co.  is  credited  for  his  part,  in  order  to  close 
the  stock  account  at  opening  the  books.  Stock 
in  Co.  is  closed — To  Balance  in  Co.  at  closing 
the  hooks,  for  capital  remaining  in  trade,  as 
the  balance  account  is  closed — By  each  part- 
ner's account  in  Co.  for  his  share  of  gain  or 
dividend,  and — By  Stock  in  Co-  for  his  capital. 

2. — It  is  presumed  that  N.  Lowe  and  T.  Gilbert  live 
remote  from  the  establishment,  or  take  no 
concern  in  the  business,  which  is  the  reason 
that  J.  Hopkins  is  appointed  sole  conductor ; 
but  if  each  partner  transacts  the  company  con- 
ecrnF,  as  occasion  requires,  then  no  commission 
will  be  allowed,  as  no  manager  is  appointed. 


60000 


60000 


00 


00 


,*i03 
New-York^  June  1,  1817. 


[2. 


Sundry  Accts.  Dr.  to  Nichulas  Lowe  : 
Cash  in  Co.  16000  <« 

Merchandize,  as  per  Invoice    Book, 

page  1.  6750.0- 


Said  liowe  bavins;  advanced  the  abovp  as  h; 
share  of  Stock  in  Co.  the  overplus  to   bt 
repaid  him. 


Merchandize  Dr.  to  Cash,  in  Co.  : 

For  Goods  purchased,  as  per  Invoice  Book, 
page  1. 

Note. — The  Goods  are  entered  in  the  Invoice 
Book  annexed  to  tiiis  set,  and  their  amouni, 
only,  transferred  into  the  Dny  Book,  as  above. 
The  forms  of  the  Invoice  and  Sales  Book  the 
author  presuniies  will  answer  the  eiu\  proposed  : 
for  their  uses  are  obvious.  But  he  does  not 
pret6nd  to  say  that  better  cannot  be  devised, 
as  it  is  possible  there  might,  by  those  ingenious 
gentlemen  who  are  extensively  versed  in  the 
practice  of  this  art. 

3 


Merchandize  Dr.  To  Thomas  Gilbert : 
For  Goods  advanced  by  him  towards  hi^  share 
of  Stock  in  Co.  as  per  Invoice  Book,  p.  2. 
The  deficiency  to  be  pnd  hereafter. 

^- 


Sundry  Accts.  Dr.  to  Joseph  Hupkins: 

Ship  Mermaid  for  her  value  6000.00 

Voyage  to  Barbadoes,  *  for  a  Cargo  on 

board  of  said  ship,  consigned    to 

George  Gordon,  merchant  there, 

to  sell  for  our  account,  the  value 


of  the  cargo  is 
Merchandize,    as  per 
page  2. 


Invoice   Book, 


12000  00 


2000.00 


Having  advanced  the  above  in  full  of  his  share 
of  capital. 


21750 


4000 


17254 


20000 


00 


GO 


00 


00 


[3] 


304 
Nen-  York,  June  5,  1817. 


M.inhattan  Bank  Dr.  To  Thomas  Gilbert  : 

Rt'ceived  his  draft  on  said  Bank  in  full  of  his 
share  of  stock  in  Co. 

Note  1  .—It  is  supposed  the  check  was  deposited 
in  \hv  Bank  before  an  entry  was  made  respect 
in  the  transaction. 

2.  U  you  received  the  Cash  immediately  from  the 
Bank— Cash  Dr.  to  Thos.  Gilbert,  2746.00 

G 


Wm.  Johnson  Dr.  To  Merchandize  : 

For  amoiHit  of  Goods,  at  6  months,  as  per  Sah  s 
Book,  page  2. 

X ^ — 


William  Roberts  Dr.  To  Sundries  : 

To  Merchandize,  as  jjer  Sales  B;>ok, 

page  -i.  1920.00 

To  John  Ellis,  for  1*2  tons  Pearl  Ashes, 

at  -200.  per  ton,  at  90  days,  2400.00 

To  C.sh  pud  charges,  100.00 

To  Commisaon,   at  [).  per  cent,  on 

2400.  vide  of  the  ashes,  120.00 


Shipped  the  above  on  hoard  the  Dinna,  Caldu  ell, 
by  order  and  for  account  o:  Wm.  R-'berts 
merchant,  in  Kingston,  Jamaica,  and  to 
I  ini  consigned. 

; 8 


IMerchandizc  Dr.  To  John  Seaton  : 

For  amt.  of  Tobacco,   at  3  months,  as  per  In- 
voice Book,  page  3. 


2746  00 


17050 


4540 


4000 


00 


00 


00 


305 

Ncjv-York,  June  o,  l8lT. 


[4] 


Voyage  to  Cadiz  Dr.  To  Sundries  : 

To  Merchandize,  as  per  Sales  look, 

pages  2.  3.  6000.00 

To  Cash  paid  Charges  and  Insurance,*     500.00 


Shipped  the  above  goods  on  board  the  Joseph, 
Thomas  Williaais,  ^  master,  and  consigned 
to  Edward  Hall,  to  sell  for  our  account. 

9 


Nicholas  Lowe  Dr.  To  Sundries : 

To  Manhattan  Bank,  for  our  check  on  ^ 

said  C  >mpany,  his  favor,  for  1000.00 

To  Cash  in  Co.  750.00 


Being  in  full  of  what  he  overpaid  of  Stock  in 
Company. 

10 .^ 


Merchandize  Dr.  To  John  Seaton  : 

For  amount  of  Broad  Cloth  purchased  of  him, 
at  6  months,  Invoice  Book,  page  3. 

H r— 


Sundries  Dr.  To  Merchandize,  viz  : 

Merchandize,  for  China  received  in 
barter  of  James  Thompson,  In- 
voice Book,  page  3.  875.00 

James  Thompson,  due  of  him,  1725.00 


Received  of  said  Thompson  the  above  China 
in  lieu  of  Merchandize  delivered  him  in 
return.  Sales  Book  pages  1 .  2. 

1.  Credit  Merchandize,  By  Sundries,  2600.00 

2.  Debit  Merchandize,  to  Merchan- 
dize. 875.00 

3.  Debit  James  Thompson,  to  ditto,  1725.00 


6500 


00 


1750 


00 


9600  00 


2600 


00 


R  r 


[5] 


306 
Netv-York,  June  12,  18ir. 


Note 


John  Seaton  Dr.  To  Sundries  : 
To  Cash  in  Co.  paid  him,  '    9312  00 

To  Profit  and  Loss,  fo^dist.  allowed  me 

on  9600.  for  6  months  at  6.  pr.  ct.    288.00 


13 


John  Seal  on  Dr.  To  Sundries: 
To  J.Brown,   of    London,  for  my  fiill 
*on  him,  fivor  said  St  ahin,  at  one 
month's  si^hr,  for  £ul60  sterling  is9600.00 
To  Profit  and   Luss,    for  2.  per   cent. 

gained  on  the  exchange,  192.00 


-C2160  X   4  X   4 -f- 9  =  £3840  Curren 
cy  X  20  -T-  8  =  9600  dollars. 

— 14 


Thomas  >iexef)  Dr.  Ti»  jMeichan(iize  : 
For  Amt.  Broad  Cloth,  at  6  months,  Sales  Book, 
page  1, 
1^ , 


Joseph  May,  "-«•  d'  Goods  Or.  To  Merchandize: 

For  Amt.  of  Broad  Cloth  and  China,  Sales  Book 
page  1.3. 

Shipped  the  above  goods  on  board  the  Neried, 
Capt.  Horton,  for  Boston,  and  consigned  to 
Joseph  May,  merchant  there,  to  sell  for 
our  account. 
Debit  J.  May  o-a.  Goods  To  Mer- 
chandize, 2476. 

2.  Credit  Merchandize,  By  J.  Blay  o-a. 

Goods,                                               2475. 
1 6 


J.  May  o-a.  Goods  Dr.  To  Sampson  &  Spurrier, 
of  Amsterdam  :  '^ 

Received  advice  that  they  have  shipped,  per 
our  order,  on  board  the  Juno,  Capt.  Jack- 
son, for  Boston,  and  consigned  to  J.May. 
for  our  account,  sixty  pipes  of  best  Holland 
gin,  the  prime  cost,  including  all  other 
charges  and  their  commission,  as  per  in- 
voice received,  amounts  to  12675  guilders, 
cxchpinge  at  .40  per  guilder  amounts  to 


9600 


00 


9792 


00 


1000 


247/: 


00 


00 


5060 


00 


SQ7 
NeW'Yorky  June  16,  18ir. 


Cash  111  Co.  Dr.  To  John  beatori 
Received  of  him, 


17 


Joseph  May,  o-a.  Goods,  Dr.  To  Sundries: 

To  John  White,  of  Charleston,  1000  00 

To  Jackson  and  Co.  of  Wihuington,      l-Ot  .00 


Being  the  amount  of  goods  consigned  by  Siiit 
White,  Jackson  and  Co.  to  said  May,  by 
our  order  and  for  our  account,  as  per  in- 
voices remitted  us. 

la 


Sundries  Dr.  To  Jamt  s  Tiiompson  : 

Bills  Recqjvable,  for  his  Bill  on  Thos. 
Wils6n,  No.  1.  our  favor  at  30 
days  sight,  for  1000,00 

Cash  in  Co.  received  of  him  in  full,  fi/)  00 


-19 


Wine  in  Co.  Dr.  To  Edward  Hail  of  Cadiz  : 

For  amounLpf  Wine,  per  the  Swan, 

The  Swan  Gas  arrived  from  Cadiz,  and  brought 

from  said   Hall,  on  our  account,  25  pipes 

of  Wine,  containing  26*25  gallons,  at  1 .  pr. 

gallon. 

^ 20 — 


Wine  in  Co,  Dr.  To  Casn,  in  Co. : 

Paid  duty  and  other  charges  on  our  Wine,  perl 
the  Swan. 


[6} 


Note. — J.  May  has  advised  the  manager  of  the  re- 
ceipt of  the  Gin,  otherwise  he  could  not  be 
charged  with  its  value. 

2.  If  the  Gin  was  lost  at  sea,  therefore  May  could 
not  receive  it. 

Profit  and  Loss  Dr.  To  Sampson  and  Spurrier. 


9792 


00 


2200 


00 


11-25 


2625 


00 


CO 


625 


75 


in 


New-York^  June  20,  1817. 


6 


Sundries  Dr.  to  Wine  in  Co. 

Sold  George  Fisher  13  pipes  of  our  Wine,  per 

the  Swan,  1365  galls,  at  1.75  per  gall,  ana 

received  the  following  payiuents  : 

Cash  in  Co.  .  •    2000.00 

Bills  Rec.  for  his  Bill,  No.  2,  at  60  days,     388.^  5 


21 


Cash  in  Co.  Dr.  to  Wine  in  Co. 
Sold  the  remaining  12  pipes  of  our  Wine,  per 
the  Swan,  1:^60  galls,  at  2.  per  gall. 

1 L  21 


George  Gordon  our  acct.  currt.  Dr.  to  Voyage 
to  Harbadoes,  per  the  Mermaid : 

Received  advice  from  said  Gordon,  that  he'  has 
sold  our  Goods,  per  the  INIennaid,  tbc  net 
proc.  as  per  account  sales,  amounting  to 

23 


Goods,  per  the  Mermaid,  V)t.  to  George  Gor 
don  our  acct.  currt. 
7lReceived  from  said  Gordon,  por  said  Ship,  for 
our  account,  40  puncheons  Rum,  contain- 
ing 4400  galls,  c-it  ?'•  !>'^r  gall,  amounting 
to  3300. 

160  Cwt.  Cotton,  at  10   per  cut.  1600.^ 

Mis  Commission  and  other  charges,  300. 


24 


Sundry  accounts  Dr.  to  Cash  in  Co. 
Goods,  per  the  Mermaid,  paid  duty 

and  other  charges  thereon,  1230. 

Ship  Mermaidj  paid  the  master  and  men 

in  full,  500. 


25 


J.  May,  o-a  cum.  Dr.  to  do.  our  acct.  G^ods  ; 

Received  advice  from  said  May,  that  he  ha< 
sold  our  Goods  consigned  to  him — the  net 
proceeds,  as  per  account  sales,  amoui|fs  to 

1.  Debit  J.  May,  our  acct  curt.    To 

J.  May  our  ace  .  Goods,  12000. 

2.  Credit  J.  May  our  acct.  Goods,  By 

J.  May  our  acct.  currt.  12000. 


238  B 


2520 


16000 


►200 


•1730 


12000 


75 


00 


00 


00 


00 


00 


309 
NejV'York,  June  25,  181? 


[«] 


Sundry  accts.  Dr.  to  Goods,  per  the  JVL^maid. 

Cash  in  Co.  6000. 

Manhattan  Bank,  for  James  Oiiphant's 
Check  on  thrin,  my  favor,  which 
I  have  deposited  for  1700. 


Sold  said  Oliphant  our  40  piinchf-ons  Rum,  per 
the  Mermaid,  containing  4400  galls,  at  J. 75 
per  gal!,  and  received   of  him-  the  above 
payments. 
26 ' 


Sundry  accts.  Dr.  to  J.  May  our  acct.  curr?. 
Vlanhattan  Bank,  for  his  Chrck  on  said 

Company,  which  I  deposited,  for 
Bills  Receivable,  for  his  Bill  on  John 

Scaton,  No.  3,  at  30  !ays,  for 
Bills    Receivable,  for  his  own  Bill, 


2000 


4000. 


No.  4,  at  2  months,  for 


4000. 


r.Cr.  J.  May  o-a  cnrrt.  By  Sundries,  10000. 

2.  Debit  Manhattan    Bank,  To  J. 

May  our  acct.  currt.  2000. 

3.  Debit  Bills  Receivable,   To  J. 

May  our  acct.  currt.                     8000. 
27 ■ 


Cash  in  Co.  Dr.  to  Manhattan  Bank: 
Received  of  S')ifi  Co.  the  amount  of  Oliphant 
and  May*8  Checks, 


Cash  in  Co.  Dr  to  Ship  Mermaid  : 
Received  of  sundry  persons,  for  freight  in  said 

Ship,  from  Barbadoes, 
Or,  as  both  transactions  are  entered  the  same  date, 
LJfsh  in  Co.  'Dr  to  Sundries,  6700. 

To  Manhattan  Bank,  for  amt.  of  Checks,  3700. 
To  Ship  Mermaid,  for  freiirht,  3000. 

: 28    ^ -^ 


Edward  Hail,  Cadiz,  Dr.  to  Voyage  to  Cadiz, 

per  the  Joseph. 
Said  Hall  has  transmitted  to  us  an  account  sales 

of  our  consignment  to  him,  per  said*  Ship 

— the  net  proceeds  amount  to 


7700 


00 


10000 


3700 


3000 


10000 


00 


00 


00 


00 


19] 


310 


New-York^  June  28,  18 If. 


2      Cash  in  Co.  Dr.  To  Edward  Hall,  Cadiz. 
-[Received  from  said  Hall  his  Bill  on  John  Sea- 
ton,  who  paid  me  on  demand 

29 


Sugar  in  Co.  Dr.  To  Geo.  Gordon  o-a  currt. 

For  130  Hhds.  weighing  net,  as  per  acct.  ren 
dered,  1360  cwt.  at  lO.  per  cwt.  consigned 
to  us  by  said  Gordon  for  our  account,  re 
ceived  per  the  Swallow,  C  tpt.  Martin,  from 
Barbadoes,  amounting  to 

30 


•  Sugar  in  Co.  Dr.  To  Cash  in  Co. 

Paid  charges  on  our  Sugar  from  Barbadoes, 


Charges  Dr.  To  Cash  in  Co. 
Paid  Sundry  charges  this  month,  on  our  Cooipa- 
ny   concern,   as  per  Book  of  House  Ex- 
penses 


Profit  and  Loss  in  Co.  Dr.  To  Jos.  Hopkins. 

My  Commission  this  month  at  3  per  cent  on  our 

capital  is 

60000.  X  3.  -r-  100  -^  12  =  150. 

End  of  the  Day  Book, 


Note  1.     Wine,  Goods  per  the  Mermaid,  and  Su 
gar,  are  not  included  in  the  general  account  of 
Merchandize,  as  it  might  be  necessary  to   as- 
certain the  gain  or  loss,  on  particular  articles. 

2.  There  is  no  column  in  the  annexed  Lgdger,  re- 
ferring to  the  pages  of  the  Day  Book,  from 
which  the  articles  or  entries  there  are  posted, 
as  the  days  of  the  month,  are  a  sufficient  re- 
ference. 


6000 


13600 


460 


210 


150 


31 


Proof  Journal  for  June^  1817.         Drs, 


Sundries  Dr.  To  Sundries. 

Dates. 

Nicholas  Low,  to  Sundries,  1,  9. 

Thomas  Gilbert     Stock  in  Co.  1. 

Joseph  Hopkins's       ditto,  '  1. 

Stock  in  Co.  Sundries,  1. 

Merchandize  ditto,  1 , 2,  3, 4, 8, 1 0, 1 1 . 

Cash  in  Co.         2, 16, 18,20,  21,25,27,28. 

Ship  Mermaid         J.  Hopkins,  4,  24. 

Voyage  to  Barbadoes,  ditto,  4. 

Manhattan  Bank,    Sundries,  4,  24. 

William  Johnson,  Merchandize,  6. 

William  Ro])erts,    Sundries,  7. 

Voyage 'to  Cadiz,      ditto,  8. 

James  Thompson,  Merchandize,  11. 

John  Seaton,  Sundries,  12,  13. 

Thomas  Nexen,      Merchandize,  14. 

Joseph  May  o-a  Goods,  Sundries,  15, 16, 17. 

Bills  Receivable       ditto,  18, 20, 26. 

V/ine  in  Co.  ditto,  19,  20. 

George  Gordon  o-a  currt.  Voyage  to  Bar- 
badoes, 22. 

Goods  per  Mermaid,  G.  Gordon  o-a  cur. 
rent,  23,  24. 

Joseph  May  o-a  currt,  do.  o-a  Goods,    25. 

Edward  Hall,  Voyage  to  Cadiz,     28. 

Sugar  in  Co.  Sundries,  29,  30. 

Charges  Cash  ii:  Co.  30. 

Profit  and  Loss  in  Co.  J.  Hopkins, 


21750  00 
20000100 
20000;  00 
60000  ;oo 
44479  00 


00 
00 


48737 

6500 
12000100 

6446100 
17050|00 

4540100 


00 
00 
00 
00 
00 
75 
75 

00 

6430  00 

12000  00 

10000  00 

14050  00 

21000 

150  00 


6500 
1725 
19392 
1000 
9735 
9388 
3250 

16000 


371333 


50 


ai2 


Proof  Journal  for  Jime^  1817.         Crs. 


Sundries  Dr.  To  Sundries, 


1. 


Stock  in  Company  By  Sundries, 
N.  Lowe's  At'ct.  In  Co.  Stock  in  Co.         „ 
1\  Gilbert's  Acct.  in  Co..  ditto,  „ 

Jos.  Hopkins  Acct.  in  Co.  ditto,  „ 

Cash  in  Co.  Sundries,  1,7,8,9,  12,20,24,^0. 
Nicholas  Lowe,  ditto,  2. 

Tliomas  Gi^be^t,     Merchandize,  3,  5. 

Sundries,  4,  30. 


Jos.  Hopkins, 

Merchandize, 

Ji)hu  Kllis,  W.  Roberts, 

Commission,  ditto, 

Jolm  Seaton,  Sundries, 

M  aib-dttan  Bank,  ditto, 

Profit  and  Loss  in  Co.  ditto. 


ditto,  6,7,8,  11,14,  15. 
7. 

7. 
8,  ID,  16. 

9,  •:?. 

12,  13. 


John  Bi  own,  London,  J,  Seaton,  13 

Sampson  &£  Spurrier,  J.  May  o-a  Goods,  16. 
John  White,  ditto,  17. 

J  ickson  &  Co.  ditto,  17. 

James  Thompson,    Sundries,  IJ?. 

•Vine  in  Co.  „  20,  21. 

Kdward  Hall,  Cadiz,   „    .  19,  28. 

Voyac^e  to  Barbadoes,  G.  Gordon  o-a  cur- 
rent -  2J. 
George  Gordon  o-n  currt.  Sundries,  23,  v'O. 
Jos.  May  o-a  Goods,  do.  o-a  currt. 
Goods  per  Mermaid,  Sundries, 
Jos.  JMay  o-a  curt,  ditt  o, 
Ship  Mermaid,  Cash  in  Co. 
Voyage  to  Cadiz,      E.  Hall  o-a  currt. 


25. 
26. 
27. 

28. 


60000 
20000 
20000 
20000 
17677 
21750 
•20000 
20150 
31045 
2400 

uo 

2339- 
47(J0 
480 
960(» 
50e:0 
1000 
1200 
1725 
4908 
8625 

16000 
18800 
12000 

7700 
10000 

3000 
10000 


371333 


00 
00 
00 
00 
75 
00 
00 
00 
00 
00 
00 
00 


LEDGER,  D.  or  No.  4 


June  Ij  1817. 


Alphabet,  or  Index  to  the  Ledger. 


B 

Brown,  John,  London.  .    .   5 
Bilis  Receivable,    ...     6 

M 

Merchandize,      .     .     .     .     2 
Manhattan  Bank,  .     .     ;     .  3 
May,  Joseph  o-a  Goods;    .     5 
May,  Joseph  o-a  currt.     .     7 

C 
Cash  in  Co.     .....    2 

Commission,      ....      4 

N       ' 
Nexen,  Thomas  ....   5 

E 

Ellis,  John 4 

R 
Roberts,  William     ...     8 

G 

Gilbert,  Thomas      ...     I 

his  Acct.  in  Co.     2 

Gordon,  George  o-a  currt.     f 
Goods  per  the  Mermaid,        7 

S 

Stock  in  Co 1 

Saip  Mermaid,      ....  3 
ieaton,  John       ....     4 
Sampson  h  Spurrier,    .     .     5 
Sugar  in  Co 7 

11 

Hopkins,  Joseph                      1 

his  Acct.  in  Co.      2 

Hall,  Edward,  Cadiz,     .     .   6 

T 

Thompson,  James     ...    4 

I 
Johnson,  William    ...     3 
Jaekson  &  Co.  Wilmington,  6 

V 

Voyage  to  Barbadoes,    .    .    3 
Voyage  to  Cadiz,     ...    4 

L 
Lowe,  Nicholas      ...     1 

W 
White,  John,  Charleston,       6 
Wine  in  Co 6 

314 


C«] 


Stock  in  Co. 

Dr. 

lair. 
June  1 
30 

To  Sundries  for  Capital, 
To  Balance  in  Co.  for  our  Capital,  re- 
maining in  trade, 

60000 

00 

60000 

• 

20000 
1750 

00 

Nicholas  Loive^ 

Dr. 

June  1 
9 

To  Stock  in  Co.  i  Capital, 
To  Sundries  in  full. 

00 
00 

21750 

oa 

Thomas  Gilbert^ 

Dr. 

20000 

June  1 

To  Stock  in  Co.  for  7  Capital, 

00 

20000 
150 

Joseph  Hopkins^ 

Dr. 

June  1 
30 

To  Stock  in  Co.  i  Capital, 
To  Balance  lor  Commission, 

00 
00 

20150 

00 

20000 

6783 

Nicholas  Loioe,  Acct,  in  Co, 

Dr. 

June  80 

To  Stock  in-  Co.  for  |  CapiUl, 
To  Balance  in  Co.  ^  Dividend, 

00 
00 

26783 

00 

3lJ 


Contra, 


Cr. 


im 


1817. 

Juoe  f 
30 

»> 

5> 

By  Sundries  for  our  Stock, 

By  N.  Lowe's  Acct.  in  Co.  for  his  f  Ca- 
pital remaining, 

By  T.  Gilbert's  Acct.  in  Co.  for  his  i  Ca- 
pital remaining, 

By  J.  Hopkir  e's  Acct.  in  Co.  for  his  f  Ca- 
pital remaining, 

60000 

00 

20000 
20000 
20000 

00 
00 
00 

60000 

00 

Contra,        '                                Cr. 

21750 

June  1 

By  Sundries, 

00 

17254 
2746 

Contra,                                         Cr, 

June  3 
5 

By  Merchandize, 
By  Manhattan  Bank, 

00 
00 

20000 

00 

20000 
150 

Contra^                                         Cr, 

June  4 
80 

By  Sundries, 

By  Profit  and  Loss  for  ray  Commission 
this  month, 

00 
00 

20150 

00 

20000 
6783 

Contra^                                        Cr* 

June  1 
30 

By  Stock  in  Co.  t  Capital, 
By  Profit  and  Loss,  f  Gain, 

00 
00 

26783 

00 

316 


[2] 


Thomas  Gilbert^  Acct.  in  Co. 

Dr. 

1817. 

1 

June  30 

To  Stock  in  Co.  for  1-3  Capital, 

20000 

00 

June  30 

To  Balance  in  Co.  1-3  dividend, 

6783 

00 

•^6783 

00 

20000 

Joseph  Hopkins,  AccL  in  Co,     Di\ 

To  Stock  in  Co.  1-3  Capital, 

00 

June  1 

To  Balance  in  Co.  1-3  dividend, 

6783 

00 

26783 

00 

15000 

Cash  in  Co.                                Dr. 

To  N.  Lowe,  received  of  him, 

00 

16 

To  John  Seaton,                  „ 

9792 

00 

\          ^S 

To  J.  Thoinj)son,                 „ 

72o 

00 

\       20 

To  Wine  in  Co.                  „ 

2000 

00 

\    21 

To  ditto,  ditto,                    „ 

2520 

00 

■     \25 

To  Goods,  per  Mermaid    „ 

6000 

00 

\27 

To  Manhattan  Bank,          „ 

3700 

00 

•j 

To  Ship  iMermaid, 

3000 

00 

28 
June  1 

To  Edward  Hall, 

6000 

00 

48737 

00 

6750 

Merchandize  in  Co.                      Dr. 

To  Nicholas  Lowe, 

00 

2 

To  Cash  in  Co. 

4000 

00 

3 

To  Thomas  Gilbert, 

17254 

00 

4 

To  Joseph  Hopkins, 

2000 

00 

8 

To  John  Seaton, 

4000 

00 

10 

To  ditto,  ditto. 

9600 

00 

11 

To  Merchandize, 

875 

00 

30 

To  Profit  and  Loss  gained,  as  per  Sales 

m 

Book, 

3316 

00 

47795 

m 

317 


[2i 


Contra^ 

Cr. 

i8ir. 

June  1  By  Stock  in  Co.  1-3  Capital, 

20000 

00 

30 

B>  Profit  and  Loss^  1-3  gain, 

6783 

00 

2^78 

00 

' 

20000 

Contra^                                         Cr. 

June  1 

By  Stock  in  Co.  1-3  Capital, 

00 

30 

By  Profit  and  Loss,  1-3  gain, 

6783 

00 

26783 

00 

4000 

Contra^                                         Cr 

June  2 

By  Merchandize,                     paid. 

00 

7 

By  U^illiam  Roberts,                   „ 

100 

00 

8 

By  Voyage  to  Cadiz,                  „ 

500 

00 

9 

By  Nicholas  Lowe,                     „ 

750 

00 

12 

By  John  Seaton,                          „ 

9312 

00 

20 

By  Wine  in  Co.                           „ 

625 

75 

24 

By  Sundries,                                „ 

1730 

00 

30 

By  Sugar  in  Co*                         „ 

450 

00 

s> 

B>  Charges  paid  this  month, 

210 

00 

By  Balance  remaining, 

31059 

25 

48737 

00 

Contra^                                         Cr, 

17050 

June  6 

By  Wra.  J  »hnson, 

00 

7 

By  VVm.  Roberts, 

1920 

00 

8 

By  Voyage  to  Cadiz, 

6000 

00 

11 

By  Sundries, 

2600 

00 

14 

By  Thos.  Nexen, 

1000 

00 

16 

By  J.  May,  o-a.  Goods, 

24?5 

00 

30 

By  Balance  unsold,  as  per  Invoice  Book 

16750 

00 

47795 

00 

ais 


fs] 


Ship  Mermaid^ 

Dr. 

i8jr. 

June  -4 
24 
30 

To  Toseph  Hopkins, 
IV)  Cash  in  Co.  paid 
To  Profit  and  Loss, 

6000 

500 

2.'»00 

00 
00 
00 

9000 

00 

12000 
4000 

Voyage  to  Barhadoes^ 

Dr, 

June  4 
30 

T  .  Joseph  i^opkins, 
I'o  Profit  and  Loss, 

00 
00 

10000 

00 

2746 
1700 
2000 

Manhattan  Bank, 

Dr. 

June  5 
25 
26 

To  Thomas  Gilbert, 
To  Goods,  per  Mermaid, 
To  J.  May,  o-a.  Currt. 

00 
00 
00 

6446 

00 

17050 

William  Johnson^ 

Dr 

June  6 

To  Merchandize, 

00 

4540 

William  Roberts, 

Dr. 

June  7 

To  Sundries, 

• 

00 

1 

319 


[31 


Cantrciy 

Cr. 

i8ir. 

June  27 
30 

By  Cash  for  freight, 

By  Balance  for  her  value, 

'     3000 
6000 

oo 

00 

9000 

00 

16000 

Contra^ 

Cr, 

June  22 

By  Geo.  Gordon,  o-a,  Gurrt. 

00 

1000 

3roo 

1746 

Contra, 

Cr, 

June  9 
27 
30 

Bv  Nicholas  Lowe, 
By  Cash  in  Co. 
By  Balance, 

oo 

00 
00 

6446 

00 

irodo 

Contra, 

Cr, 

June  30 

By  Balance, 

oo 

4540 

Contra, 

Cr, 

June  30 

By  Balance, 

00 

f4] 


02© 


John  Ellisy. 

Dr. 

1817. 

June  30 

To  Balance, 

2400 

oe 

120 

Commission  in  Co, 

Z)/. 

June  30 

To  Profit  and  Loss, 

i 

00 

9fi00 
979-i 
-1000 

John  Seaton, 

Dr. 

June  12 
13 
30 

To  bunciries, 
To     do. 
To  Balance, 

00 
00 
00 

^3392 

00 

6500 
3500 

Voyage  to  Cadiz^ 

Dr. 

June    8 
30 

To  Sundries, 

To  Profit  and  Loss, 

00 
00 

10000 

00 

1725 

James  Thompson^ 

Dr. 

June  11 

I  o  Merchandize, 

. 

00 

, 

321 


Contra, 


Cr. 


[4J 


iai7. 
June    7 

By  William  Roberts, 

2400 

GO 

120 

Contra,                                         Or. 

^une     7 

By  William  Roberts, 

■ 

00 

4000 
9600 
9792 

Contra,                                         Cr. 

^fune    8 
10 
16 

By  Merchandize, 
By         do. 
By  Cash  in  Co. 

00 
00 
00 

23392 

00 

10000 

Contra^                                        Cr. 

June  28 

By  E.  Hall,  for  net  proceeds, 

00 

1725 

Contra,                                        Cr. 

June  18 

By  Sundries, 

00 

T  t 


322 


13} 


Profit  and  Loss, 


th- 


1817. 
June  30 

To  J.  Hopkins,  for  Commission, 
To  Charges, 

To  N.  Lowe's  acct.  in  Co.  1-3  gain, 
To  G.  Gilbert's  acct.  in  Co.  1-3  gain, 
To  J.  Hopkins's  acct.  in  Co.  1-3  gain, 

Note. — To  find  each  partner's  shafe  of  gain 
or  dividend — 
20709.-300=20349^3  =  6783.  =  each 
partner's  share  of  the  gain. 

150 

210 

6783 

6783 

6783 

00 
00 
00 
00 
00 

• 

20709 

00 

9600 
1000 

John  Brown,  London,                          Dr. 

June  30 

To  Balance, 

00 

Thomas  J\''eaen,                                     Dr. 

June  14 

To  Merchandize, 

00 

2475 
5060 
2200 
2265 

Joseph  May,  o-a.  Goods,                      Dr. 

June  15 
16 
17 
30 

Fo  Merchandize, 

To  Sampson  &  Spurrier, 

To  Sundries, 

To  Profit  and  Loss, 

00 
00 
00 
00 

12000 

00 

5060 

1 

Sampson  fy  Spurrier,                             Dr. 

June  30 

To  Balance, 

00 

3^3 


Contra, 


Cr. 


[5] 


i8ir. 

Jane  12 
18 
10 

By  John  Seaton,             gained, 
By           do. 

By  Merchandize,                 „ 
By  Ship  Mermaid,              „ 
By  Voyage  to  Barbadoes,  „ 
By  Cimimission,                   „ 
By  Voyage  to  Cadiz,          „ 
By  J.  May  o-a  Goods,         „ 
By  Wine  in  Co.                   „ 
By  Goods  per  Mermaid,     „ 

288 
192 
3316 
2600 
4000 
1^0 
3600 
2266 
1668 
2870 

00 
00 
00 
00 
00 
00 
00 
00 
00 
00 

20r09 

00 

Contra,                                                 Cr. 

9600 

June  13 

By  John  Seaton, 

00 

1000 

Contra,                                                   Cr, 

June  30 

By  Balancea 

00 

12000 

Contra,                                                 Cr, 

June  25 

By  J.  May,  o-rt  Currt. 

00 

5060 

Contra,                                                 Cr, 

June  16 

By  J.  May,  o-a  Goods, 

00 

324 


[6] 


Johtt  White,  Charleston, 


Dr. 


1817. 
June  30 

To  Balance, 

1000 

00 

1200 

Jackson  k,  Co.  Wilmington :,        Dr. 

June  30 

To  Balance, 

00 

1000 

388 

8000 

Bills  Receivable,                          Dr. 

June  K^ 
20 
26 

To  James  Thompson,             No.  J . 
To  Wine  in  Co.                            2. 
To  J.  May,  o-a.  Currt.             3.  4. 

00 
75 

00 

938H 

75 

2625 

625 

1658 

tVine  in  Co.                                 Dr. 

June  19 
20 
30 

To  Edward  Hall,  2625  galls. 
To  Cash  in  Co. 
To  Profit  and  I^oss, 

00 
75 
00 

4908 

75 

10000 

Edward  Hall,  Cadiz,                  Dr. 

June  28 

To  Voyage  to  Cadiz,  net  proceeds, 

00 

325 


Contra, 


Cr. 


«j 


lair. 

June  17 


June  U 


June  30 


June  20 

2i 


June  10 
28 
30 


By  J.  May,  o-a.  Goods, 


Contra, 


Cr. 


B>  J.  May,  o-a.  Goods, 


Contra, 


Cr, 


By  Balance  not  paid,    No.  1.  2.  a.  4. 


Contra, 


Cr, 


By  Sundries  at  1.75,  1365  galls. 
By  Cash,  at  2.  1260  galls. 


Contra, 


Cr. 


By  Wine  in  Co. 
By  Cash  in  Co. 
By  Balance, 


1000 


1200 


9388 


2388 
2520 


4908 


2625 
6000 
1375 

10000 


00 


00 


75 

00 

75 


00 
OO 
00 

00 


in 


3-26 


Geome  Gordon,  o-a*  CurrL 


Dr. 


1817. 
June  22  To  Voyage  to  Barbadoes, 
30  To  Balance, 


June  23 

24 
30 


Jane  25 


June  29 
30 


June  30 


Go'dsjperthe  Mermaid, 


Dr. 


To  G.  G'»r«ion  o-a.  dirrt.  40hhds.  Rum, 

4400  grills.      »60ivvt  Ci>ttoi), 
To  Casii  in  Co.  paid  charges, 
To  Profit  and  Loss, 


Joseph  Mm/,  o-a.  Curri, 


Dr. 


To  ditto  o-a.  Goods, 


Sugar  in  Co. 


Dr. 


To  Geo.  Gordon,  o-rt.  Currt.  for  1360ct. 

10.  per 
To  Cash  in  C.-.  paid  charges, 


Charges^ 


Dr. 


To  Cash  paid  this  Month, 


16000 
2800 


18800 


00 

00 

00 


5200 
1230 
28/0 


9300 


1-2000 


13600 
450 


00 
00 
00 

00 


00 


14060 


210 


00 
00 

00 


OO 


^27 


Contra, 


Cr. 


tn 


isir. 

June  23 
29 

By  Goods,  per  Mermaid, 
By  Sugar,  per  the  Swallow, 

520 
1.5600 

00 
00 

18800 

00 

rroo 

IHOO 

Contra,                                                  Cr. 

June  25 
30 

By  Su'  .^ries,  1  75  per,  4400  galls. 
By  Balance  at  10.  160  cwt.  Cotton, 

00 
00 

9300 

00 

JOOOO 

•;ooo 

Contra,                                                    Cr. 

June  2B 
30 

By  Sundries, 
By  Balance, 

00 
00 

12000 

00 

14050 

Contra,                                                  Cr, 

June  30 

By  Balance,  charges  included,  at  10.  per, 
1360cwt. 

00 

210 

Contra,                                                  Cr 

June  30 

By  Profit  and  Loss, 

• 

00 

D, 


{328 
Balance  in  Co. 


Cr 


June3t) 

To  Cash  in  Co.  reinaia'g 

310J9 

i     1817. 

25  jJune:i0 

By  J.  Hopkins,  for  com- 

To Merchandize,  nnsold, 

1G730 

m 

mission, 

150 

00 

To  Ship  Mermaid,   for 

By  J.  Ellis,  due  to  him, 

2400 

00 

her  value, 

eooo 

00 

By  John  Seaton,    „ 

4000 

00 

To  Manhattan  Bank  due 

By  John  Brown,    ,, 

9C00 

00 

to  us, 

I74f) 

00 

By  Sampson  and  Spurrier 

50i}0 

00 

To  Wm.  Johnson,     „ 

17050 

00 

By  J  .hn  White,    „ 

1000 

00 

To  Win.  Roberts,     „ 

4.'jW 

00 

By  Jackson  ^  Co.  „ 

1200 

00 

ToThos.  Nexcn,      „ 
To  Bills  Receivable,  „ 

1000 
•  9388 

00 

75 

ByG.  Cordon,      „ 
Ami.  debts  due  by  us. 

2800 

00 

2C210 

00 

To  Edward  Hail,     „ 

1 37  J 

00 

By  N.  Lowe,  acct.  in  Co. 

Goods,  per  tlie  Mermaid, 

1-3  dividend, 

G783 

00 

lOOcwt.  Cotton,  at  10 

By  T.Gilbert  o-a.  in  Co. 

per 

IGOO 

00 

1-3  ditto. 

6783 

00 

To  Jos  May,  o-a.  currt. 

-000 

00 

By  J.   Hopk  ins's  acct.  in 

ToSugar,  KiGOcwt.atlO. 

Co.  13  ditto. 

6783 

00 

per,  chaiges  included, 

1-1050 

00 

By  Stock  in  Co.  N.  Lowe 
1-3  CajHtal, 

20000 

00 

By  Stock  in  Co.  T.  Gil- 

bert 1-3  Capital, 

20000 

00 

By  Stock  in  Co.  J.  Hop- 

106559 

00 

kins  1-3  Capital, 

20000 

GO 

106559 

00 

^ 

Aen)-York,Julylsl.  1817. 
Partners  having  inspected  the  Books,  find  the  net  profits  of  last  month  anaount  to  20349 
ddlars,  and  the  Cash  in  hands  31059  dollars,  out  of  which  they  have  paid  Joseph  Hopkins 
for  hi^  month's  Coinmission,  and  divided  the  profits  among  themselves,  and  by  their  sereral 
signatures,  hereunto  annexed,  they  discharge  each  other. 

N.  LOWE, 
T.  (ilLBERT, 

J.  Hopkins. 


KoTfi  1-The  debts  due  of  the  Company  with  their  several  dividends  and  stock  in  Company, 
must  be  equd  to  the  Cash  in  hands  at  closing  the  Books,  the  debts  due  to  them,  and 
their  other  rteal  property. 

2.  The  Cash  in  hands  at  closing  the  books  was  31059.25,  out  of  this  sum  the  partners  were 
paid  their  several  dividends,  or  20349.  and  the  manager  his  Commission  150.  Therefiwe, 
31059.— 20349  — I50.=10560.25=the  Cash  io  hands  at  opening  the  next  set  ©f  Books. 


^ 


# 


M^ 


The  two  following  pages  exhibit  the 

manner  of  Closing  the  Books,  when  each  Partner's 
Dividend  is  added  to  the  former  Stock,  in  order  to 
increase  their  Capital. 

All  the  other  Accounts  are  supposed  to  have  been 
Closed  as  in  the  preceding  Books,  excepting  the  fol- 
lowing Accounts,  inserted  in  this  specimen. 


Uii 


33a 


Stock  in  Co. 

Dr. 

1817. 
June  1 

To  Sundries  for  our  first  Capital, 
To  Balance  in  Co.  present  Capital, 

60000 

00^ 

30 

80349 

GO 

* 

2678^ 

Nicholas  Loice  Acct.  in  Co.         Dr. 

June  30 

To  Stock  in  Co.  for  IiistKapital, 

00 

•J6783 

Thomas  Gilbert  Acct.  in  Co.       Dr. 

June  30 

To  Stock  in  Co.  for  his  y  Capital, 

00 

26783 

Joseph  Hopkins  Acct.  in  Co.       Dr, 

Juue  30 

To  Stock  in  Co.  for  his  ^  Capital, 

00 

36r 
678,1 
6783 
6783 

Profit  and  Loss  in  Co.                Dr. 

June  30 

To  Sundries  for  their  loss, 
To  N.  Lowe's  acct.  in  Co.  t  gain, 
To  T.  Gilbert's  acct.  in  Co.  ^^  gain, 
To  J.  Hopkins's  acct.  in  Co.  3^  gain, 

00 
00 
00 
00 

•ioroy 

00 

Balance  in  Co.                             Dr. 

— •> 

106559 

June  30 

To  Sundries  for  our  property, 

oa 

Note.  The  sum  of  80349.  which  is  placed  here  on  the  Credit  side 
of  Balance,  is  found  by  subtracting  26210.  the  Company's 
debts,  from  10655^  their  property  at  closing  the  Books;  the 
remainder  80349.  divided  by  3,  gives  26783 ;  equal  to  each 
Partner's  Stock  for  the  last  month,  aud  his  gain  or  dividend 


mi 


€on 

tm^ 

Cr. 

i8ir. 

June  1 
30 

By  Sundries  for  former  Capital, 

By  Sundries  for  Capital  reniaiuinsc, 
Note.  The  three  sums  of  26783.  on  the  Dr. 

side  of  each   partner's  acct.    in    Co. 

being  added  together,  is  placed  here^ 

and  amounts  to  80349.  their  present 

Capital. 

60000 
80349 

00 
00 

20000 
6783 

Contra,         ^^ 

Cr.\ 

June  1 
30 

By  Stock  in  (Wl  Capital, 

By  Profit  and  Loss  in  Co.  f  gain, 

00 

OQ 

26783 

00 

Contra^ 

Cr. 

20000 
678;^ 

June  I 
30 

By  Stock  in  Co.  1  Capital, 

By  Profit  and  Loss  in  Co.  j  gain, 

00 
00 

26783 

00 

Contra, 

Cr. 

20000 
6783 

June  1 
30 

By  Stock  in  Co.  f  Capital, 

By  Profit  and  Loss  in  Co.  f  gain, 

00 
00 

26783 

00 

Contra, 

Cr, 

20709 

June  30 

By  Sundry  Accts.  for  the  Co.'s  gain, 

00 

26210 
80349 

Contra, 

Cr, 

June  30 

By  Sundries  for  debts  due  of  us, 
By  Stock  in  Co,  for  our  Capital, 

00 
00 

106559 

QO 

for  the  present  month  or  year;  that  is,  equal  to  20000.  and 
6783.  which,  added  together,  amounts  to  26783,  which  sunt 
iniist  be  placed  on  the  Dr.  side  of  each  partner's  acct  in  Oo. 


332 

The  inanner  of  Closing  the  Books  with  a  Loss, 

Stockln  Co,  Dt\ 


1817. 
June  1 
30 

To  Sundries  for  first  Capital, 

To  Balance  in  Co.  present  Capital, 

60000 

00 

39651 

00 

Nicholas  Loice^s  Acct.  in  Co. 

Dr, 

6783 
1321  r 

June  30 

To  Profit  and  Ivoss  for  ^flLJoss, 
To  Stock  in  Co.  for  y  Cclflpi 

00 
00 

20000 

00 

Thomas  Gilberts  Acct,  in  Co. 

Dr. 

678 
13217 

June  30 

Vo  Profit  and  Loss  for  his  i  loss, 
To  Stock  in  Co.  for  i  Capital, 

00 
00 

20000 

6783 
13217 

00 

Joseph  Hopkins's  AccU  in  Co. 

Dr^ 

June  30 

1  o  Pn^fit  and  Loss  for  his }  loss, 
To  Stock  in  Co.  for  j  Capital, 

00 
00 

20000 

00 

Profit  and  T/)ss  in  Co, 

Dr. 

20709 

June  30 

To  Sundries,  for  the  Company's  loss 

i 

00 

86210 

^ 

Balance  in  Co, 

Dr. 

^une  30 

To  Sundries  for  the  Co.'s  property, 

00 

HoTE.  When  the  Company  was  first  instituted,  tlieir  Capital  was  60000.  biit  their  gain, 
when  closed  with  a  loss,  amounts  to  no  more  than  31)0.  and  their  loss  to  20349.  that 
is20709.— 3G0-- 20;i49.  theirnetloss.  '' heir  pre.=enl  Stock,  therelore,  is  39651. 
which  is  found  by  subtracting  20349.  their  los.s  from  60000.  their  orii^inal  Stook.  Now 
as  the  BoOi(8  are  closed  with  a  loss,  .»nd  that  loss  is  supposed  to  amount  to  what 
their  former  gain  was,  the  Dr.  side  of  Balance  is  86210.  and  that  happens  by  the 
Company's  loss  at  present,  for  their  former  projierty  at  closing  the  Books  106559. 
—20349.  =  80210.  The  Credit  side  of  Balance  26210.  the  Company's  debts  20349. 
their  loss,  39651.  their  rrf*sent  stock  add'^''  tnrr,.t),rr.  ic  mn,,!  <n  iho  pmnnfrt  nf  thr  D' 
fide,  and  closes  it. 


Mi^ 


Contra, 


i8ir. 

June   1 


June  1 


By  Sundries  for  former  Capital, 
By  Sundries, 


Contra, 


By  Stock  ill  Go.  for  Capiial, 


June  1 


June  1 


Contra, 


By  Stock  in  Co.  t  .apital, 


Contra, 


By  Stock  in  Co.  j  Capital, 


June  30 


June  30 


Contra, 


Bv  Sundries  lor  the  Co.'s  gain, 
By  Sundries, 


Contra, 


B>  Sundries  for  the  Co.'s  debts, 

By  Sundries  for  their  loss. 

By  Stock  in  Co.  for  their  Capital, 


cv 


Cr, 


Cr, 


6000 
39851 


20000 


•20000 


00 
00 

00 


00 


CV. 


Cr. 


Cr- 


20000 


360 
20349 

20709 


00 


FINIS. 


26210 
20349 
39651 


86210 


00 
00 

00 


00 
00 
00 

00 


COLLINS  &  CO. 

PRINTERS,  BOOKSELLERS,  AND  STATIONERS, 

No.  189,  Pearl-Street,  New-York, 
HAVE  FOR  SALE, 

The  latest  American  Editions  of^hirray^s  "  English 
Reader y'^^  and  of  his  other  j^Kmcai ions,  viz. 

1.  A  First  Book  for  Children,  18  nio.     Price  6 J  cts 

2.  An  Engmsh  Spelling-Book  ;  wilh  Readinf:  Lessons  adapted 

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{Stereotype  Editio7i.)  18mo.     Price,  bound,  20  cts. 

4-.  An  Introduction  to  the  English  Reader :  or,  A  Selection  of 
Pieces,  in  Prose  and  Poetry ;  calculated  to  improve  the 
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tionner  les  jeunes  gens  dans  la  lecture;  a  entendre  leur 
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3d  edition.     Price,  bound,  ^1   25  cts. 

9.  The  Power  of  Rlligion  on  the  Mind,  in  Retirement,  Afflic- 
tion, and  at  the  approach  of  Death ;  exemplified  in  the 
Testimonies  and  Experience  of  Persons  distinguished  by 
their  greatness,  learning,  or  virtue. 

"  'T)3  iTi.mortality,— 'tis  tliat  alone, 

*•.  Amidst  life's  pains,  abasements,  emptiness, 

"The  soul  can  comfort,  elevate,  and  till." young. 

The  4th  edition.     Price,  bound,  ^1 


Becommendations  of  "  The  Power  of  Religionon the  Miiid.^' 

**  The  examples  which  Mr.  Murray  has  here  selected,  and  the 
judicious  reflections  which  accompany  them,  are  such  as  can 
scarcely  fail  to  make  the  best  impressions,  and  to  produce  the 
best  effects,  on  all  who  read  them  with  attention.  The  present 
edition  of  this  excellent  publication,  which  has  been  long  known 
and  commended,  is  enlaro;ed  by  the  addition  of  twenty-two  new 
characters,  filling  nearly  one  hundred  pages." 

Anti  jacobin  Review,  January j  1804. 

"  That  '  examples  draw  where  precepts  fail,'  is  a  truth  which 
has  been  acknowledged  in  all  ages  and  nations ;  and  on  the  strength 
of  this  principle,  Mr.  Murray  has  had  recourse  to  experience,  in 
evincing  the  power  and  importance  of  religion.  He  has  thus 
furnished  an  interesting  collection  of  testimonies  ;  and  we  wonder 
not,  that  a  work  so  instructive  and  amusing,  as  well  as  impressive, 
should  have  been  generally  patronized  It  is  a  book  which  may 
be  read  with  profit,  by  persons  in  all  situations  :  and,  with  the 
rising  generation,  it  may  answer  the  double  purpose,  of  improving 
^.hem  in  biography  and  in  virtue."   Monthly  Review,  August,  180f. 


Ill  addliioit  to  the  characters  tuhich  have  been  gicat  of  the  GraiU- 
mar,  ^c.  in  the  Reviews^  the  following  favourable  notices,  ex- 
ir acted  from  other  imblications,  are  ojjered  for  the  render*^ 
inspection. 

^-  Mr.  Murray's  Grammar,  ancJ  Selection  of  Lessons  for  reading, 
are  the  best  in  the  English  language." 

]Valker's  Elements  of  Elocution.     Secotid  Ediiiwi . 

"  Since  the  first  edition  of  our  work,  we  have  seen  with  pleasure^ 
An  English  Grammar — English  Exercises — and  a  Key  to  the  En- 
glish Exercises  by  Mr.  Lindley  Murray." 

Edgeworth's  Practical  Education.     Second  Edition, 

"  For  a  full  and  easy  explanation  of  the  Figures  of  Speech,  the 
reader  is  referred  to  Mr.  Lindley  Murray's  excellent  English 
Grammar."  EJgenorth^s  Poetry  Explained. 

"  Murray's  Englisli  Grammar.  This  is  the  most  complete  gram- 
mar of  our  language.  My  opinion  is  confirmed  by  that  of  the 
public,  as  this  work  now  appears  in  the  Fourteenth  edition." 

KetVs  Elements  of  General  Knowledge.     Sixth  Edition. 

"  By  Grammar  you  have  been  taught  the  nature,  power,  and 
construction  of  the  English  language  ;  and  that,  not  in  a  superfi- 
cial manner,  but  by  the  most  comprehensive  system  now  extant, 
the  larger  Grammar  of  Mr.  Lindley  Murray  ;  in  which  the  delica- 
cies, refinements,  and  peculiarities  of  our  language,  are  inculcated 
and  exemplified. — The  unwearied  exertions  of  this  gentleman 
have  done  more  towards  elucidating  the  obscurities,  and  embeU 
lishing  the  structure,  of  our  language,  than  any  other  writer  on 
the  subject.  Such  a  work  has  long  been  wanted  ;  and,  from  the 
success  with  which  it  is  executed,  cannot  be  too  highly  appre- 
ciated "  Dr.  Abercromhie^s  Charges  to  tlie  Senior  Class  of  thf, 
Philadelphia  Jlcademy,— published  1804  and  1806, 

'•Murray's  Grammar,  together  with  his  English  Exercises  and 
Kej',  have  nearly  superseded  every  thing  else  of  the  kind,  by 
concentrating  the  remarks  of  the  best  authors  on  the  subjects 
Tliey  are  pieces  of  inestimable  utility." 

Evan^s  Essay  on  tlie  Edmaiton  of  Yaulfi. 

'*The  best  English  Grammar  now  extant,  is  that  written  by 
Mr.  Lindley  Murray ;  who,  by  this  publication,  and  by  several 
others  connected  with  it,  and  designed  as  auxiJiaries  to  its  princi- 
pal purpose,  has  become  entitled  to  the  gratitude  of  every  friend 
to  English  literature,  and  to  true  virtue." 

Dr,  Miller's  Retrospect  of  the  Eighteenth  Cenium, 


tlHKATA. 


Btbjuary  3,  page  S,  Joutiiai  A.  BiHs  lieceivahle  Dr.  to  Cash,  "^slKUjid  be  Bills  P03/C- 
>le  Dr.  to  Cash. 

The  cliarge  against  John  iSash,  in  Lfdgcr  A.  folio  6,  Feb.  1;^  should  be  6779.32— And 
»  the  same  date,  on  the  Cr.  side  of  Commission,  ihe  entry  in  t%  place  of  20.  ought  to  be 
i22.82. 

Ledgfr  B.  folio  2,  tho  entry  in  the  account  of  Tobacco,  on  the  Dr.  and  Cr.  sides,  should 
ie  27cwt.  3q:s.  I4lbs. 

Page  2,  March  3,  Journal  B.  the  rt  ference  figures  to  the  Ledger  are  omitted,  which 
.ught  to  be  2—5. 

Waste  Book  B.  page  17,  April  30,  Exchange  87.50,  the  50  cents  is  omitted,  as  well  as  in 
he  Jonrnal  entry  of  the  same  date. 

Check  Book,  page  187,  multiply  360  by  100,  and  divide  that  product  by  6,  pves  6000 
he  divisor. 

Page  20,  Feb.  24,  the  reference  figures  to  the  Dr.  wnd  Cr.  in  the  Led|[er  are  omitted, 
ind  should  be  15 — 19.  • 

In  the.  addition  of  the  Dr.  side  of  Profit  and  Loss  ac^ouot,  folio  21,  it  should  be  6501.32 
equal  lo  the  Cr.  side. 

Ledger  D.  folio  7,  date  June  23,  on  the  Cr.  ?ide  of  George  Gordon,  520.  should  be  5200. 


Note. — The  Fourth  Set  of  Books,  designed  for  the  Whole- 
sale and  Retail  Store,  (as  mentioned  in  the  "  Concise  View  of 
this  WorJc,'^)  is  not  inserted  in  this  system,  as  the  author  con- 
ceived it  better  to  substitute  Partnership  in  Separate 
Books* 


14  DAY  USE 

RETUKN  TO  DESK  FROM  WHICH  BORROWED 

LOAN  DEPT. 

This  book  is  due  on  the  last  date  stamped  below,  or 

on  the  date  to  which  renewed. 

Renewed  books  are  subject  to  immediate  recall. 


^0E& 


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lEC.  eiR.  MW  21-IS 


LD  21A-50m-4.'60 
(A9562sl0)4T6B 


General  Library 

UoiversiCT  of  California 

Berkeley 


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